The International Accounting Standards Board
(IASB) and the US Financial Accounting Standards Board (FASB) are
to re-expose their revised proposals for a common leasing

The IASB said re-exposing the revised
proposals will provide interested parties with an opportunity to
comment on revisions the boards have undertaken since the
publication of an exposure draft on leasing in August 2010.

IASB chairman Hans Hoogervorst said although
“we have yet to conclude our deliberation on this project, the
direction of travel indicates there are aspects of our revised
proposals would benefit from additional input from interested

The IASB and FASB said they will publish
further details shortly.