IASB Reversal Leaves Future of Lease Accounting Uncertain

August 15, 2014

IASB Reversal Leaves Future of Lease Accounting Uncertain

Countering steps to a more unified move toward listing leases on balance sheets, the International Accounting Standards Board (IASB) stepped back from the dual-lease approach it had been supporting along with its counterpart, the Financial Accounting Standards Board (FASB) in the US.  Keith Peterka was interviewed for and extensively quoted in an article published on this subject in Law360 and how it affects the timeline for final rules. 

The article is reprinted here by permission of Portfolio Media, Inc.

Law360