FASB: More changes likely for lease-accounting proposal

10/10/2013 | CoStar Group

Pushback from many industries, including commercial real estate companies, likely will require more adjustments to the recent lease-accounting exposure draft, according to Russell Golden, chairman of the Financial Accounting Standards Board. Critics include Rep. Brad Sherman, D-Calif., who says the proposal will distort the real estate leasing transaction process, and The Real Estate Roundtable, which has said the proposal would be a disincentive for a company to sign a long-term lease.

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