PwC partner: Convergence gridlock creates angst

04/4/2014 | REIT.com

The Financial Accounting Standards Board and the International Accounting Standards Board have not yet come to a full agreement on the convergence of lease accounting standards, causing increasing angst about this issue, says Tom Wilkin, real estate partner with PwC. Gridlock between the boards "doesn't bode well for long-term complete convergence and may put a halt to it at some point," he said.

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