EFRAG seeks comments on draft Endorsement Advice on Amendments to IFRS 16
18 November 2022
EFRAG is consulting on its assessment of Lease Liability in a Sale and Leaseback (Amendments to IFRS 16).
The objective of the Amendments is to specify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be accounted for as a sale.
EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends its endorsement. EFRAG is seeking comments on all aspects of its analysis supporting its preliminary conclusions.
Comments are requested by 9 January 2023.
EFRAG's draft endorsement advice letter and invitation to comment may be accessed here.