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FASB Seats Transition Group for Impairment, Not Leases

Tammy Whitehouse | December 10, 2015

The Financial Accounting Standards Board is forming a “transition resource group” to facilitate implementation of the pending standard on financial instrument impairment, but doesn’t see the need for a similar groups to help steer adoption of rules expected soon on lease accounting or classification and measurement of financial instruments.

Golden-russ-0814In remarks at a national accounting conference on regulatory issues, FASB Chairman Russ...

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