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07 September 2018

Deloitte readiness survey highlights complexities around implementing the new Leases standards


Deloitte launched the Global IFRS 16 and ASC 842 readiness survey, which highlights the challenges and complexities facing organisations when implementing IFRS 16 and ASC 842 across the world.

As Deloitte accompanies organisations in their new Leases standards implementation projects, it identified a need for organisations to share their many challenges and to understand those faced by others in their jurisdictions, regions and industries around the world.

Key findings of the survey are:

  • 52% of organisations anticipate a "material change" to their financial reporting
  • 67% of all organisations have not yet started or are on the impact assessment phase
  • 34% rate the determination of lease terms as highly complex
  • 86% of organisations are not considering early adoption
  • 43% have not yet determined their transition budgets
  • 74% of respondents do not currently have dedicated software systems for contracts
  • 61% of respondents are considering externally developed leasing systems
  • 38% of IFRS 16 respondents are considering the modified retrospective approach

Full press release

Full survey



© Deloitte LLP


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