BCBS frequently asked questions on changes to lease accounting

  • BCBS (Basel Committee on Banking Supervision) Image

07 Apr 2017

The Basel Committee on Banking Supervision (BCBS) has released responses to frequently asked questions related to the changes to lease accounting promulgated by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

More of a regulatory than accounting nature the three questions are all related to the right of use asset and the question whether this is a tangible or an intangibel asset.

Please click to access the BCBS statement on the website of the Bank for International Settlements (BIS).

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