From www.accountantsdaily.com.au: The future of lease accounting is evolving with advancements in technology, data analytics, and sustainability considerations, driven by the post-implementation review of IFRS 16 by the International Accounting Standards Board (IASB).

Businesses are increasingly adopting automated lease accounting solutions that enhance efficiency and compliance, while data analytics offers insights for better decision-making and strategic planning.

The growing focus on ESG factors is prompting companies to integrate sustainability into their lease practices and reporting.