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

Between June 2024 and February 2025, the IASB and its staff conducted outreach and gathered information to decide the scope of the review. The IASB plans to publish a request for information for public consultation in June 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