EFRAG moves quickly on endorsement advice on IFRS 16 amendment
03 June 2020
The European Financial Reporting Advisory Group (EFRAG) has issued final
endorsement advice for 'Covid-19-Related Rent Concessions (Amendment to IFRS
16)' not even a week after the amendment was issued by the IASB.
EFRAG assesses that the amendment meets the technical endorsement criteria of the IAS
Regulation and is conducive to the European public good. It therefore recommends its
endorsement.
The European Commission's Accounting Regulatory Committee's (ARC) vote, the next step
in the endorsement process, is expected to take place later in June, however, final
endorsement is currently expected not before "Q3/Q4 2020".
Please click to access the final endorsement advice letter and a corresponding
press release on the EFRAG website.