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The Leases Project - An update for the consumer business industry

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In August 2010, the IASB and FASB (the “Boards”) took a major step towards overhauling the existing lease accounting rules by issuing a set of proposals in the form of an exposure draft (ED). The proposals would significantly affect the accounting for lease contracts for both lessees and lessors across all industries.

Source : Deloitte

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Keywords : Deloitte, FASB, IASB