The Financial Accounting Standards Board (FASB) on Wednesday tentatively ruled to move forward with targeted improvements to its leases standard (Topic 842).

FASB staff will draft proposed standard updates (ASUs) for future vote on the following two issues:

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Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....