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Additional public consultation on lessee accounting

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

16 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) and the major European standard-setters (ANC, ASCG, FRC and OIC) have launched an additional public consultation on the two different approaches for lessees proposed by the IASB and FASB. This consultation is focused on users' views.

This new consultation complements the consultation on preparers' views launched on 30 June 2014.

Again, the objective of the consultation is to obtain examples where contracts or transactions could qualify as leases under a single-model approach (IASB) or a dual-model approach (FASB), but are viewed by constituents as in-substance services. In addition, the EFRAG and European standard-setters are seeking input on which of the two alternative approaches is preferred.

Users interested in participating can either do so through an interview of no more than 30 minutes or through filling in and submitting a questionnaire. Questionnaires must be submitted by 29 August 2014.

Further information, contact details for the interview, and a link to the questionnaire are available through the press release on the EFRAG website.

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