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Buried in the middle of a speech he was giving oninternational accounting standards in Singapore at the end of May,Hans Hoogervorst, chairman of the London-based InternationalAccounting Standards Board, dropped this bombshell about therevamped lease accounting standard that the organization and its UScounterpart, the Financial Accounting Standards Board, have beenworking on for years.
“I will not bore you with the details, but more work needs to bedone. In the next couple of months we should be able to finalizeour work.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
