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IASB issues document on forthcoming leases standard

  • IASB (International Accounting Standards Board) Image

Mar 16, 2015

The IASB has published a document that provides an overview of (1) the likely practical effects of the new standard on leases and (2) the similarities and differences between the IASB’s and FASB’s requirements.

Although the boards have reached the same decisions about many aspects of the leases project, their final conclusions are not converged. Both boards will be ending their redelib­er­a­tions soon and will be deciding on an effective date within the next few months.

For more in­for­ma­tion, see the document and the press release on the IASB’s Web site.

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