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IASB Releases Final Lease Standard

Tammy Whitehouse | January 12, 2016

The International Accounting Standards Board has issued its long-awaited accounting standard requiring assets and liabilities associated with leases to be added to corporate balance sheets. The Financial Accounting Standards Board is expected to follow suit with its similar but not identical standard in a matter of weeks.

The IASB is giving companies that follow International Financial Reporting Standards until 2019 to adopt the standard. The FASB has set a similar time line for public companies that follow U.S. Generally Accepted Accounting Principles...

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