The FRC is interested in hearing the views of UK constituents on whether the IASB's exposure draft provides the optimal solution. The Exposure Draft is open for comments until 13 September, 2013. The FRC is also hosting a discussion forum, including IASB staff, on the Exposure Draft on 10 July.
Melanie McLaren, Executive Director of Codes and Standards commented on the IASB’s release: “The endeavours of the IASB to improve lease accounting are to be applauded. The FRC supports the overall aims of the IASB project and so welcomes this revised Exposure Draft as a step forward in that process. In principle, we agree that IAS 17 should be replaced so as to provide better information to users on the liabilities associated with leases.”
The FRC is interested in hearing the views of UK constituents on whether the IASB’s exposure draft provides the optimal solution, particularly with regard to whether the benefits of the proposed standard would outweigh its costs.
The Exposure Draft is open for comments until 13 September, 2013. The FRC is also hosting a discussion forum, including IASB staff, on the Exposure Draft on 10 July from 9:00-11:00am. The forum will provide an opportunity for the FRC to listen to the views of UK constituents and will provide an important input into the FRC’s response.
Press release
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