Reminder about nominations for leases working group

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12 Sep 2006

The IASB has issued a reminder that the deadline for nominations for the joint IASB-FASB working group on lease accounting is 30 September 2006. The two Boards added a joint project on leasing to their respective agendas in July 2006. 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. Click for Joint IASB-FASB Announcement on the Leasing Working Group (PDF 37k). The announcement includes information about submitting nominations.

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