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 seeking preparers, auditors, regulators, and national standard setters' input in preparation of the IASB request for information ("RFI") related to the post-implementation review of IFRS 16 Leases ("PIR of IFRS 16"). A user survey will be published separately shortly after (around 21 February).

In December 2023, the IASB decided to start its post-implementation review (PIR) of IFRS 16 in Q2 2024. The objective of a PIR is to assess whether the effects of applying the new requirements on users of financial statements, preparers, auditors, and regulators are as intended when the IASB developed those new requirements. A PIR is not a standard-setting project and does not automatically lead to standard-setting, nor is it intended to address every application question. However, a PIR might result in standard-setting or clarifications.

EFRAG is undertaking preparatory work in anticipation of the IASB's RFI. To that extent, and to develop a preliminary list of application issues arising from applying IFRS 16, among the other activities, EFRAG has launched this survey to collect input about your overall assessment of and experience with IFRS 16.  EFRAG welcomes reports of application issues arising from the application of IFRS 16, including its interaction with other IFRS Accounting Standards, whether they are common and widespread, and how the IASB should address them in the context of a PIR.

EFRAG is also interested in understanding whether there is new evidence suggesting the need for a change in the standard.

Wherever beneficial, EFRAG is interested in follow-up meetings or calls to gain the best possible understanding of the issues identified through the survey. Therefore, we encourage you to provide us with your availability at the end of the survey.

Participants can access the survey contents as a PDF here and complete the survey here until 15 April 2024.