IFRS 16 Post-implementation Review
- Active
- Monitoring
- Kathrin Schoene, Monica Franceschini
Description
- the objectives of the standard-setting project have been met;
- information provided by IFRS 16 is useful to users of financial statements;
- the costs arising from IFRS 16 are broadly as expected by the IASB when it developed the Standard; and
- the requirements are capable of being applied consistently.
- Phase 1: identifies matters to be examined (request for information);
- Phase 2: considers the information gathered from the public consultation and publishes a report and feedback statement, including a summary of the finding and outline of next steps.
- organised meetings with different constituents (preparers, users, auditors, national standard setters, and academics);
- reviewed the existing literature and other publications, including previous discussions at IFRS IC (Interpretations Committee), ESMA’s enforcement decisions and academic studies;
- launched online surveys to be addressed to preparers, auditors, national standard setters, regulators and users; and
- interacted closely with European national standard setters to identify issues in the implementation of IFRS 16 arising in their jurisdiction.
Documents
Project news
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12/04/2024 - Just 10 days to go – EFRAG surveys on the Post-Implementation Review of IFRS 16 Leases
Just 10 days are left to submit your views on the Post-Implementation Review of IFRS 16 Leases. The deadline is 22 April 2024.
For more information and to complete the survey, visit the following links:
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26/03/2024 - Extension of deadline for EFRAG surveys on the Post-Implementation Review of IFRS 16 Leases
In February 2024, EFRAG launched two online surveys to gather input from diverse stakeholder groups on the effects of the implementation of IFRS 16. EFRAG is extending the deadline for responses to 22 April 2024.
To learn more about the purpose and content of the surveys, check out our video with Jens Berger (EFRAG FR TEG Vice Chair) and Kathrin Schöne (EFRAG Project Director).
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20/02/2024 - EFRAG survey seeks input from users on the effects of the implementation of IFRS 16 Leases – Has the reporting for leasing activities been improved?
As part of its outreach on the Post-implementation Review of IFRS 16 Leases, EFRAG invites users of financial statements to provide their views on the usefulness of information as a result of the implementation of IFRS 16, by filling in the EFRAG survey. The survey feedback will complement the feedback received from preparers, auditors, regulators, and national standard setters.
Participants can access the survey contents as a PDF here and complete the survey here until 15 April 2024. -
13/02/2024 - Any issue with IFRS 16 Leases? Please express your views by filling in the EFRAG survey on Post-Implementation Review of IFRS 16
EFRAG is launching a survey to seek input from preparers, auditors, regulators, and national standard setters in preparation for the IASB request for information related to the post-implementation review of IFRS 16 Leases. EFRAG will publish a user survey separately, around 21 February 2024.
Participants can access the survey contents as a PDF here and complete the survey here until 15 April 2024.
