FASB, IASB Receive Over 200 Comment Letters on Leasing Proposals

December 15 marked the comment letter deadline on FASB's Proposed Accounting Standards Update - Leases (Topic 840) and IASB's Exposure Draft: Leases.

Included among the over 200 comment letters received by FASB and the IASB on their proposed leasing standard(s) is a joint letter sent by FEI and five other professional associations on the IASB proposal. The letter, signed by President and CEO Marie Hollein, was addressed to Sir David Tweedie, chairman of the IASB, with a copy to Leslie Seidman, Acting Chairman of the FASB. In addition to FEI, the other organizations signing onto the letter were: the Equipment Leasing & Finance Association, the Finance & Leasing Association, the Japan Leasing Association and the U.S. Chamber of Commerce. Read more in the joint comment letter.

Separately, two FEI committees sent their own comment letters to FASB on its leasing proposal: FEI's Committee on Corporate Reporting, (FEI CCR letter) and FEI's Committee on Private Company Standards (FEI CPC-S letter).