ELFA has been closely following the development of a lease-accounting standard proposed by the Financial Accounting Standards Board and the International Accounting Standards Board. The association plans to lobby for elimination of clauses that would pose an undue compliance burden. It is also launching an educational initiative to provide details about the proposal to other associations that also would be affected, such as the Real Estate Roundtable and the U.S. Chamber of Commerce. ELFA will hold several events this month and next to discuss the accounting proposal.

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