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IFRS 16 resources

IFRS 16 Leases has been published and is effective for periods beginning on or after 1 January 2019.  The FRC expects companies to apply this new standard properly and provide sufficient specific disclosure of the impact including key judgements made and clear communication of the transition methods adopted. It has published a thematic review to help companies with disclosures in this area.    

This page includes all of our resources on IFRS 16 to help preparers for the forthcoming reporting season.  It includes links to:

Additionally this page includes groupings for:

IFRS 16 resources

IFRS Foundation conference on implementing IFRS 16

21 Mar 2017

The IFRS Foundation has announced an IFRS conference 'Implementing the IFRS 16 'Leases' requirements' in London on 9 May 2017.

EFRAG assesses that IFRS 16 is conducive to the European public good

15 Feb 2017

Following the preliminary consultation document relating to the endorsement of IFRS 16 'Leases' for use in the EU published in October, the European Financial Reporting Advisory Group (EFRAG) has now published draft endorsement advice on the standard.

EFRAG endorsement status report 14 February 2017

14 Feb 2017

This endorsement status report update reflects that EFRAG published draft endorsement advice on IFRS 16 'Leases'. Endorsement is currently expected in the fourth quarter of 2017.

Point of view — Financial Services — implications of the new leasing standard

07 Feb 2017

With a year having passed since IFRS 16 'Leases' was issued many companies are getting to grips with what it will mean for them. This publication highlights the issues of interest to those in the financial services sector, whether they be lessees, lessors or lenders to lessees.

IASB article on putting IFRS 16 into practice

13 Jan 2017

The IASB has published an article featuring four IASB members discussing messages they have heard from stakeholders about IFRS 16 implementation over the last year and advice to companies implementing the new standard.

Deloitte comment letter on the FRC consultation on changes to FRS 102 to reflect recent changes in IFRS

22 Dec 2016

We have published our comment letter on the Financial Reporting Council’s (FRC’s) consultation on changes to FRS 102 to reflect recent changes in IFRS.

We comment on the FRC consultation on changes to FRS 102 to reflect recent changes in IFRS

22 Dec 2016

We have published our comment letter on the Financial Reporting Council’s (FRC’s) consultation on changes to FRS 102 to reflect recent changes in IFRS.

IOSCO statement on the implementation of new accounting standards

16 Dec 2016

The International Organization of Securities Commissions (IOSCO) has published a stamentent asking companies to disclose the likely effects of the new standards on revenue, financial instruments, and leases as these are expected to significantly affect the financial statements of many issuers globally, given the breadth of their applicability.

FRC consults on amendments to FRS 101

14 Dec 2016

The Financial Reporting Council (FRC) has issued, for comment Financial Reporting Exposure Drafts (FRED) 66 proposing limited amendments to FRS 101 ‘Reduced Disclosure Framework’.

FRAB minutes for November 2016 meeting released

30 Nov 2016

The minutes of the Financial Reporting Advisory Board’s (FRAB’s) meeting of 24 November 2016 have been made available on the HM Treasury website.

EFRAG seeks users’ views on the endorsement of IFRS 16

07 Nov 2016

On 12 October 2016, the European Financial Reporting Advisory Group (EFRAG) issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'. This consultation document has now been supplemented by a questionnaire for users.

EFRAG endorsement status report 12 October 2016

12 Oct 2016

This endorsement status report update reflects that EFRAG has issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'.

EFRAG consults on IFRS 16 endorsement

12 Oct 2016

The European Financial Reporting Advisory Group (EFRAG) has issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'.

Need to know — FRC consults on changes to FRS 102 to reflect recent changes in IFRSs

10 Oct 2016

The FRC has published a Consultation Document Triennial review of UK and Ireland accounting standards – Approach to changes in IFRS. This forms part of the first triennial review of FRS 102 and sets the direction of travel for UK GAAP. Areas under discussion within this Consultation include revenue recognition, leases and impairment model for financial assets. This Need to know discusses this Consultation.

Webcast on IFRS 9, IFRS 15, and IFRS 16 and the IASB's future priorities

07 Oct 2016

In connection with the upcoming meeting of the IFRS Foundation's Trustees in New Delhi, the IFRS Foundation and the Institute of Chartered Accountants of India (ICAI) are jointly organising a webcast on recent standards and future priorities.

ISAR workshop on IFRS 15 and IFRS 16

05 Oct 2016

The thirty-third session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is currently being held in Geneva. Before the session, there was a workshop on 3 October on recent developments on IFRS.

Joint investor outreach on leases and recent IFRS 4 amendments

04 Oct 2016

The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Italian stanard-setter Organismo Italiano di Contabilità (OIC), and the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF) will host a joint event on 29 November in Milan. The event will be held in English and will also include speakers from the IASB.

FRC consults on changes to FRS 102 to reflect recent changes in IFRS

27 Sep 2016

The Financial Reporting Council (FRC) has today published a Consultation Document containing proposals to update Financial Reporting Standard (FRS) 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ to reflect recent changes in International Financial Reporting Standards (IFRSs).

Deloitte releases e-learning modules on IFRS 16

16 Sep 2016

Deloitte’s Global Audit Learning group has released two e-learning modules on IFRS 16 (basic and advanced). These new modules are an addition to the extensive catalogue of IFRS e-learning content made freely available by Deloitte.

EFRAG endorsement status report 12 September 2016

13 Sep 2016

This endorsement status report update reflects that the International Accounting Standards Board (IASB) published 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts'' on 12 September 2016. It also offers an updated estimation regarding the timing of EFRAG's draft and final endorsement advice on IFRS 16 'Leases'.

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