IFRS 16 Leases: complying with the standard - part 1

With under a year until its introduction, Calum Fuller looks at IFRS 16 Leases’ requirements and what businesses should do to comply

IFRS 16 Leases is going to have a profound effect on business around the world. Indeed, its impact is already being felt at many businesses across a range of sectors including, but not limited to retail, transport, telecommunications and automotive fleets.