An Update on the Accounting for Leases Project

In March, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) (together the “Boards”) resumed discussions on the joint project on accounting for leases. Several tentative decisions were reached that impact the direction of the project, which we have previously discussed.

The discussions have resulted in greater diversity in opinions by the FASB and IASB on lessee and lessor accounting, making it less likely the final standards issued by the Boards will be fully converged.

Learn more about the project in our latest MHM Messenger.

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