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Basis For Conclusions On IFRS 16 Materiality

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sameer asked about 1 year ago

What is Basis For Conclusions On IFRS 16 Materiality?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 nayana madwani answered about 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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