Question
Discuss whether you agree with the following exemptions in new lessee accounting. Also identify any potential loophole concerning these exemptions. Please answer in detail Exemptions
Discuss whether you agree with the following exemptions in new lessee accounting. Also identify any potential loophole concerning these exemptions. Please answer in detail
Exemptions for IFRS 16 does not require a company to recognise assets and liabilities for
(a) short-term leases (ie leases of 12 months or less)
(b) leases of low-value assets(for example, a lease of a personal computer).
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Auditing And Assurance Services A Systematic Approach
Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt
4th Edition
0071117474, 9780071117470
