Thursday, February 10, 2011

Lease Accounting Board Takes Stock of Responses

In two meetings over recent weeks, the accounting standard setters have started to consider how to finalize the new leasing standard. The Boards, (International Accounting Standards Board (IASB) and the US Financial  Accounting Standards Board (FASB), received reports from their staffs on the pattern of response to the exposure draft (ED) in the recent consultation, and subsequent meetings with stakeholders. 

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