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GAAP.RUNewsIASB and US FASB publish proposals to improve the financial reporting of leases

IASB and US FASB publish proposals to improve the financial reporting of leases

Publication date: 18 August 2010

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today published for public comment joint proposals to improve the financial reporting of lease contracts. The proposals are one of the main projects included in the boards’ Memorandum of Understanding. The proposals, if adopted, will greatly improve the financial reporting information available to investors about the financial effects of lease contracts.

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today published for public comment joint proposals to improve the financial reporting of lease contracts (the proposals are one of the main projects included in the boards’ Memorandum of Understanding).