IFRS 16 Leases was issued by the Board on 13 January 2016 and has a mandatory effective date of 1 January 2019. The Board is currently undertaking a number of activities to support implementation of the Standard. You can find information about all of these activities by following the links below. This includes all of the educational material that has been prepared since the Standard was issued and links to upcoming conferences.
Throughout the implementation phase, the Board will monitor implementation and will consider whether additional materials might be helpful. This page will be regularly updated with information relating to these activities.
After consulting the Advisory Council, the Board decided that it is not necessary to set up a Transition Resource Group to support the implementation of IFRS 16. Nonetheless, we are interested in questions arising during the implementation of new Standards. This provides us with information about developing practice.
Although the Board does not provide a formal technical enquiry service, stakeholders may make us aware of implementation questions relating to IFRS 16 via email. Questions should be submitted only if:
- they indicate that IFRS 16 can be applied in different ways that are expected to result in diversity in practice; and
- the question is expected to be relevant to a wide range of stakeholders.
Any question submitted should include a detailed description of the possible ways in which IFRS 16 could be applied. The submitted questions will be evaluated to assess whether further support might be needed.