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The International Accounting Standards Board (IASB) began the Post-implementation Review of IFRS 16 Leases in June 2024.

The IASB is conducting outreach with consultative groups and other stakeholders to help inform a request for information and expects to publish that request for information in the first half of 2025.

IFRIC® Update September 2024

Committee members discussed the implementation and application of IFRS 16 Leases to help the IASB identify matters to include in a request for information for public consultation in the first phase of the post-implementation review of the Standard.

Committee members provided information on:

  1. their overall assessment of IFRS 16;
  2. the costs and benefits of applying IFRS 16; and
  3. application questions for the IASB or the Committee to consider.

The IASB will consider the views of Committee members and other stakeholders in deciding on the scope of the request for information.

Next milestone

Request for Information