Lease Accounting Project Update

The high volume of comment letters (781) and numerous outreach meetings had common criticisms, causing the FASB/IASB Boards to re-deliberate issues in the Leases Project Exposure Draft.

31 minute read May 27, 2011 at 10:09 AM

Bill Bosco

UPDATE

Subsequent to this article going to press, the FASB/IASB Boards conducted a meeting on May 19, 2011 at which they unexpectedly reversed some of their tentative decisions favorable to the industry.

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