Beyond the GAAP no. 144 - May 2020
This issue of Beyond the GAAP presents a summary of the standards and amendments that will be of mandatory application for the first time at 30 June 2020. At the time of publication, the main uncertainty concerns whether the European Union will have endorsed the IFRS 16 amendment on COVID-19-related rent concessions between now and the 30 June reporting date. But we can assume that everything is being done to ensure that Europe does not prevent businesses from taking advantage of the exemption granted by the IASB on 28 May.