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.
