NZ IFRS 16 Leases Post-Implementation Review Roundtable

Have Your Say: NZ IFRS 16 Leases Post-Implementation Review Roundtables

The XRB, in collaboration with CPA Australia, CA ANZ and the AASB, are hosting a series of virtual roundtables to gather feedback on the application of NZ IFRS 16 Leases in New Zealand.

This PIR will assess and explore whether the effects of applying NZ IFRS 16 are as intended. It will provide stakeholders with an opportunity to share their experiences with applying the standard.

What will be discussed?
Each roundtable will seek stakeholder feedback on the key topics outlined in Request for Information – Post Implementation Review of IFRS 16 Leases. This includes:

• Whether IFRS 16 is meeting its objectives;
• Areas of judgement such as determining the lease term, discount rate requirements, variable lease payment requirements and requirements relating to the remeasurement of lease liabilities;
• Information about lease-related cash flows;
• Implementation costs and benefits, and the effectiveness of transition methods;
• Lease modification requirements;
• Sale and leaseback requirements; and

Your feedback plays an important role in helping us assess the implementation and application of NZ IFRS 16 and identify aspects of the standard that could be improved. Attendees are expected to read the Request for Information document prior to the roundtable, consider the key issues raised, and come prepared to share their insights and suggestions.

Who should attend?
Preparers, auditors, investors, analysts, regulators, and other stakeholders from the for-profit, not-for-profit and public sectors who have experience with NZ IFRS 16 are invited to join the conversation.

Roundtable Details: