Letters to FASB and IASB on Lease Accounting
There are several questions being raised about the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) proposal on lease accounting changes. These changes would significantly impact real estate leases and would improperly reflect companies’ balance sheets. CCIM Institute co-signed two letters to FASB and IASB expressing the dramatic negative effects of these changes to the nation’s economy.
Additionally, CCIM’s Board of Directors approved a statement of policy on FASB-Lease Accounting developed by the Legislative Affairs Subcommittee.