New accounting standards pushed to next year: The introduction ofthree EgyptianAccounting Standards (EAS) to bring parts of the EAS in line with international reporting standards and new Egyptian legislation has been postponed until 1 January 2021, the Financial Regulatory Authority said in an EGX filing (pdf) earlier this week. EAS 47 (which affects how accountants treat financial instruments), EAS 48 (which addresses revenue sharing contracts) and EAS 49 (which governs leasing contracts) were supposed to have been implemented this year, but have been delayed due to the covid-19 pandemic, he said.

Tags: