BDO Releases IFRB 2020/05 - IASB responds to question about IFRS 16 and COVID-19
13 April 2020
BDO has published IFRB 2020/05, which discusses the recent actions of the IASB and the FASB to respond to questions raised about how lessees and lessors account for leasing issues arising due to COVID-19. The publication compares the IASB and FASB's approach as of 13 April 2020.
This publication was updated on 14 April 2020 to reflect the fact that the IASB have planned a meeting for 17 April 2020, where they propose to amend IFRS 16 to introduce significant operational relief for lessees dealing with the effects of COVID-19.
The publication may be accessed here.