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Version date: 9 April 2024 - onwards
Version 2 of 2

Overall disclosure objective (paragraph 51) (paras. BC215-BC216)

(paragraph 51)

BC215 Consistently with other recently issued Standards, the IASB decided that IFRS 16 should specify an overall objective for lessee disclosures. In the IASB’s view, a clear objective should improve the interpretation and implementation of the disclosure requirements. This is because a lessee is required to assess whether the overall quality and informational value of its lease disclosures are sufficient to meet the stated objective.