IASB will amend IFRS 16 due to the COVID-19 pandemic
On 17 April 2020, the International Accounting Standards Board (IASB) decided during its supplementary meeting concerning COVID-19-related matters to amend IFRS 16 by the end of May 2020.
The Biggest Pitfalls of Adopting IFRS 16, which Addresses the Reporting of Leased Assets
Since 1 January 2019, IFRS 16 has been in effect. This standard substantially revised the accounting treatment applied by lessees to leased assets. For companies, this means more demanding work with data; the n…