View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 21, 2019

Moody’s says FASB got it wrong in delay to lease accounting

Analysis by Moody’s of the Financial Accounting Standards Board’s  decision to delay the implementation of changes to how private companies report operational leases warns that: “Such delays will hurt reporting transparency, affecting a swath of non-financial corporates across different sectors.”

FASB has effectively given private US companies and non-profits an extra year before the new standards come into force. However, according to Moody’s the move impacts on credit analysis by compromising the ability to make comparisons between public and private issuers.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin