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FASB Backs Off Leasing Proposal and Convergence with IASB

  • By John Hintze
  • Published: 5/8/2014

After two rounds of proposals and industry comments, the Financial Accounting Standards Board (FASB) appears to have decided that current lease accounting from a lessee standpoint isn’t so bad after all.In a joint meeting in March, FASB and the International Accounting Standards Board (I ...

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