Share your views on accounting for the use of properties without formal arrangements?

The IPSASB issued a proposed IPSAS on leases which is based on IFRS 16 on Leases. As a result, the IPSASB has requested views on public sector issues that it should address in the next phase of the project, through a series of questions published in a Request for Information.    

Question 6: In your jurisdiction, do you have arrangements involving the sharing of properties without a formal lease contract? If yes, please describe the nature of these arrangements and how they are reflected in the financial statements of both parties to the arrangement.

Access the questions and share your views here.

Disclaimer

This content has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved or otherwise acted on by the Board.