A European private-sector financial reporting advisory
group will offer technical guidance on use of the IASB’s international
accounting standards ( www.fee.be/secretariat/pressreleases.htm
).
The IASB publishes draft interpretations to clarify the
international accounting standards approach to business combinations,
disclosure, reporting currency, revenue and intangible assets.
Comments are due by September 10 ( www.iasb.org.uk/cmt/0001.asp ).
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Getting leases in lineASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.