The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) post-implementation review of IFRS 16 Leases. 
The objective of the post-implementation review of IFRS 16 is to assess whether:

• the new requirements are working as intended;
• IFRS 16 has improved the quality of information available to all investors; and
• the costs of applying the new requirements, as well as of auditing and enforcing their application, are as expected.  

The AcSB is participating in the consultations and activities on this project to ensure that Canadian entities’ financial reporting needs are considered by the IASB.  The review of IFRS 16 may lead to the IASB making minor amendments to the standard, preparing an agenda proposal for a broader revision of the standard, or perhaps no changes at all.