Beyond the GAAP n°145 - Juni 2020

Im Gegensatz zu den drei vorhergehenden Ausgaben kehrt unserer Newsletter diesen Monat zu seinem traditionellen Format zurück ohne Zusatzausgabe zu COVID-19.

Things are getting back to normal as regards accountancy news. In this issue, Beyond the GAAP sets out the most recent agenda decisions published by the IFRS Interpretations Committee. While the final agenda decisions reached in June are unlikely to have any major impact on preparers, the ongoing discussions on reverse factoring constitute a trickier issue. However, at this stage of the due process, the Committee is not planning to amend existing IFRSs. Stakeholders have until 30 September to respond to this tentative agenda decision.

In the more immediate future, preparers are likely to be devoting their energies to the interim financial statements, which may be heavily impacted by the health and economic crisis. It seems unlikely that the amendment to IFRS 16 on rent concessions granted to lessees will be endorsed by the EU before the date when the financial statements are authorised for issue. Under these circumstances, if an entity would like to make use of the practical expedient offered by the IASB, it will be up to the auditors to assess materiality in the context of its financial statements.

Dokumente

Beyond the GAAP n°145 - June 2020
Beyond the GAAP n°145 - June 2020
Index - June 2020
Index - June 2020