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Commercial Credit News
|FLA comments on new Lease Accounting Standard|
|Wednesday, 13 January 2016|
Commenting on the publication of IFRS 16, the International Accounting Standards Board’s (IASB) new leasing standard, Simon Goldie, Head of Asset Finance at the Finance & Leasing Association (FLA), said: “We remain concerned that the Standard could put an additional burden on lessees and potentially deter some of them from using leases.
“The next step in the process is for the new standard to be considered by the relevant European and national adopting authorities. We will continue to make our concerns clear to the European Financial Reporting Advisory Group (EFRAG), the European Commission and Parliament, and the UK Financial Reporting Council.”
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