Nominees sought for working group on lease accounting

  • IASB FASB (combined) Image

25 Jul 2006

On 19 July 2006, the IASB and the US Financial Accounting Standards Board added a joint project on leasing to their respective agendas.

The project scope includes a reconsideration of existing standards of accounting for both lessees and lessors. The current project plan envisages, as a first step, the publication of a joint discussion paper. The boards plan to appoint a single international working group to advise both boards on the project. The working group will comprise individuals from a variety of backgrounds, including preparers, auditors, and users of financial statements, leasing experts, and others. The boards request nominations by 30 September 2006. Click for Joint IASB-FASB Announcement on the Leasing Working Group (PDF 37k).

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