Amendments to IFRS 16 endorsed by European Union
15 October 2020
On 9 October 2020, recent amendments to IFRS 16 COVID-19 Related Rent Concessions were endorsed by the European Union. The amendments were published in the Official Journal on 12 October 2020. The amendments were issued by the IASB on 28 May 2020, however, had not been endorsed by the European Union until this point in time.
The summary of EU endorsement status may be accessed here. BDO’s IFR Bulletin on FAQs relating to utilising the practical expedient introduced by the amendments to IFRS 16 may be accessed here.