The US accounting standard setter signaled support Wednesday to consider additional changes to its nearly decade-old rewrite of lease accounting rules that pulled assets from airplanes to warehouses onto corporate balance sheets.
Members of the Financial Accounting Standards Board said they are open to considering additional tweaks to its leases overhaul, especially to address concerns from private businesses that struggled to adopt the complex rules. Some of those potential updates might also benefit public companies, members said during a board meeting.
The FASB is evaluating the rollout of its 2016 standard that requires companies to record leased assets like office ...
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