Highlights

– What is the IASB seeking feedback on?

– What are its specific areas of interest?

– Have your say – Share your views by 15 October 2025

To understand whether the accounting standard is working as intended, the International Accounting Standards Board (IASB) is undertaking a post-implementation review of IFRS 16 Leases.

Kimber Bascom
Kimber Bascom

Partner

United States

IFRS 16 is generally working as intended but there are certain areas, such as lessor accounting, where additional clarification could be helpful. Now is your chance to provide input on the areas of the standard that you would like to see improved.

Kimber Bascom

Global IFRS Leasing Standards Leader

Partner, Department of Professional Practice, KPMG in the US

What is the IASB seeking feedback on?

The IASB asks:

  • whether IFRS 16 is meeting its objective;
  • about the ongoing costs and benefits of applying the standard; and
  • for feedback on more complex elements of the standard – including the lease term, discount rates and variable lease payments.

What are its specific areas of interest?

The IASB is seeking specific feedback on the following areas.

AreaIASB’s focus

The lessee’s application of judgement, including in relation to:

  • the lease term;
  • discount rates; and
  • variable lease payments.

Whether:

  • the usefulness of information resulting from the lessee’s application of judgement is largely as the IASB expected; and
  • the requirements provide a clear basis for entities to make appropriate judgements and can be applied consistently.
DisclosuresWhether they provide useful information about lease-related cash flows.
Transition requirementsBased on experience with the IFRS 16 transition, whether the IASB could do anything differently when developing transition requirements in future standard-setting projects.
Applying IFRS 16 with other IFRS® Accounting Standards

Specifically, applying IFRS 16 alongside:

  • IFRS 9 Financial Instruments, in relation to the lessor’s forgiveness of lease payments due from the lessee; and
  • IFRS 15 Revenue from Contracts with Customers, in relation to sale and leaseback transactions.

Have your say

Take this opportunity to share your feedback with the IASB on its focus areas and any other concerns you may have by 15 October 2025.

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