Proposed Lease Accounting Changes Stall

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Proposed lease accounting standards have been delayed due to differences between FASB and IASB. It now seems that any final standards will not begin to take shape until at least next year. Both businesses and preparers have also soundly rejected the latest draft put forward in 2013.

 

http://www.accountancyage.com/aa/analysis/2355201/conceptual-differences-hamper-lease-accounting-project

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