In 2019 PWC conducted a Global IFRS 16 post implementation survey which "sought to understand how IFRS 16 implementations progressed and where challenges continue to reside post-transition".
The survey accounted for the following considerations;
- Was the transition easier than expected?
- Does compliance still raise challenges?
- Have unforeseen benefits been realised or promised spin-offs failed to materialise?
- Have the effects been understood by, and communicated to, all interested parties?
You can read more about PWC's survey in our recent blog. Quadrent conducted a comparative survey to highlight the results of implementation for the customers now using our Lease accounting solution LOIS.
We're proud to reveal the results;
Get in touch to discover how Quadrent and its world-leading lease accounting solution LOIS can help you achieve the obtainable benefits of IFRS 16 or AASB 16.