IASB discusses covid-19-related rent concessions at supplementary Board meeting

The International Accounting Standards Board (Board) held a supplementary meeting on 15 May 2020 to:

• consider feedback in response to the April 2020 Exposure Draft Covid-19-Related Rent Concessions, which proposed an amendment to IFRS 16 Leases; and
• redeliberate the project proposal in the light of that feedback. 

The Board is acting quickly to provide support to stakeholders at this difficult time and plans to issue the amendment to IFRS 16 on or around 28 May 2020.

A full summary of the Board’s supplementary meeting is available in the Supplementary IASB Update May 2020—covid-19-related matters.