sameer
asked over 1 year ago
What is Basis For Conclusions On IFRS 16 Materiality?
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nayana madwani
answered over 1 year ago
Many lessees expressed concerns about the costs of applying the requirements in IFRS 16 to leases that are large in number but low in value, particularly when the aggregate value of those leases would have little effect on the financial statements as a whole. These lessees thought that applying the requirements of IFRS 16 to those leases would involve a significant amount of time and effort without a corresponding benefit in terms of the effect on reported information.
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