IASB proposes to defer the amendments of IAS 1 regarding the classification of liabilities

Publication date: 11 May 2020

Due to the covid-19 pandemic, the IASB has proposed to defer the effective date by one year to provide companies with more time to implement any classification changes resulting from the amendments. The IASB has not proposed any changes to the original amendments other than the deferral of the effective date. The comment letter period is open until 3 June 2020.
 
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