Alejandro Gonzalez

Fri, Jun 27, 2025, 3:46 AM1 min read

The International Accounting Standards Board (IASB) has launched a formal post-implementation review of IFRS 16 Leases, inviting stakeholders to share their experiences and insights on whether the standard is working as intended.

A Request for Information (RFI) has been published as part of this process, with comments due by 15 October 2025.

Issued in January 2016 and effective from January 2019, IFRS 16 introduced a major shift in lease accounting by requiring lessees to bring most leases onto the balance sheet. The standard eliminated the distinction between finance and operating leases for lessees, replacing it with a single lease accounting model. The move aimed to improve transparency and comparability in financial reporting by recognising lease assets and liabilities more consistently.

Now, more than five years since implementation, the IASB is reviewing whether the standard has delivered the intended benefits and whether the costs of applying IFRS 16 are justified. Stakeholders—including preparers, users, auditors, and regulators—are encouraged to provide feedback on key aspects such as:

• Usefulness and comparability of information when judgement is applied in measuring lease liabilities;

• The relevance of disclosures about lease-related cash flows;

• The cost and complexity for lessees in applying the measurement requirements; and

• Interactions between IFRS 16 and other IFRS Accounting Standards.

Participants are also invited to share their overall views on the effectiveness and clarity of the standard.

"IASB seeks feedback on IFRS 16 in post-implementation review" was originally created and published by Leasing Life, a GlobalData owned brand.

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