IASB Publishes Minor Changes to IFRS 9 and Other Accounting Standards
IASB published narrow-scope amendments and annual improvements to several standards, including IFRS 9 and IFRS 16. The amendment to IFRS 9, the Financial Instruments standard, is part of the Annual Improvements to IFRS Standards 2018–2020. The amendment to IFRS 9 clarifies that the fees a company includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. All amendments become effective from January 01, 2022.
Effective Date: January 01, 2022
Keywords: International, Banking, IFRS 9, Financial Instruments, IFRS 16, Leases, IASB
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