Beyond the GAAP no.169 – September 2022
In September, the IASB published amendments to IFRS 16 on leases to clarify the subsequent measurement of a lease liability arising from sale and leaseback transactions where the lease payments are variable and not dependent on an index or rate. As requested by stakeholders, the IASB has ultimately provided no clarification on how to measure the proportion of the seller-lessee's retained interest in the asset. In this issue of Beyond the GAAP, we present the details of this amendment, which has been expected for several months.
The ISSB and EFRAG have taken stock of the extensive stakeholder feedback received on their respective draft standards on sustainability disclosures. Although the ISSB is not required, as EFRAG is, to have finalised its redeliberations by mid-November, the international standard setter is also under pressure to quickly publish the initial basis of the “global baseline” called for by many stakeholders. EFRAG continues to press ahead with the timetable imposed by the draft CSRD, bearing in mind that immense work is involved in finalising the ESRS drafts in order to meet the expectations of preparers and users, but also the requirements of the European Union, while being aligned, as far as possible, with the future ISSB standards.
