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FRC comments on IASB release of Exposure Draft on lease accounting
Melanie McLaren, Executive Director of Codes and Standards commented on the IASB’s release:
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. UK constituents that would be interested in participating in the field testing of the proposals are asked to write to firstname.lastname@example.org.
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.
If you would like to participate please e-mail email@example.com to book a place.
Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.