Discussion paper and comment letters

On the 19 March 2009 the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) launched a public discussion on lease accounting by publishing their preliminary views in a joint discussion paper.

The discussion paper Leases: Preliminary Views is a response to concerns raised by investors and other users of financial statements regarding the treatment of lease contracts under International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP).

Comment letter deadline: The discussion paper was open for comment until 17 July 2009. The comment period is now closed. To view the comment letters click here.