The IASB has published IFRS 16 – the new leases standard. It comes into effect on 1 January 2019. Virtually every company uses rentals or leasing as a means to obtain access to assets and will therefore be affected by the new standard.
The earlier you begin to understand what impact the new standard may have on your organisation the better prepared you will be to iron out potential issues and reduce implementation costs and compliance risk.
Partner, Telecommunications Industry Accounting Group Chairperson
Tel: +49 69 9585 3415
Tel: +1 (617) 530 6732