BDO submits comment letter to IASB on deferral of amendments to IAS 1: Classification of Liabilities as Current or Non-Current

BDO has submitted a comment letter to the IASB on exposure draft 2020/3 – Classification of Liabilities as Current or Non-current – Deferral of Effective Date.

The exposure draft proposes to defer the effective date of these amendments to IAS 1 from 1 January 2022 to 1 January 2023. The amendments were issued in January 2020, however, this deferral is being proposed in response to the effects of COVID-19.

BDO’s full comment letter may be accessed here.