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FASB, Congressman Dispute Lease Standard’s Economic Effect

Tammy Whitehouse | August 28, 2015

The Financial Accounting Standards Board is pressing on with its planned fourth-quarter release of the final new accounting standard on leasing, despite a fresh push from a member of the House Financial Services Committee to reassess the potential economic consequences.

Brad ShermanIn an exchange of correspondence over dueling academic studies, Rep. Brad Sherman, a California Democrat and senior member of the Financial Services Committee,...

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