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EFRAG outreach event on leases

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

30 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) will be holding an outreach event in Brussels on 15 September 2014 to discuss preliminary results of its public consultation on leases.

On 30 June 2014, the EFRAG, along with European standard setters (ANC, ASCG, FRC and OIC), launched a public consultation 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.

The outreach on 15 September 2014 will include discussions on the initial feedback gathered from the public consultation concerning the two lessees models, as well as possible improvements on how to identify a lease arrangement.

Registration for this outreach event is requested by 8 September 2014.

For more information, see the press release on the EFRAG’s website.

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