FASB and IASB Plan Roundtables on Leasing Proposals

The Financial Accounting Standards Board and the International Accounting Standards Board plan to host a series of joint public roundtable meetings on different continents to discuss their revised joint proposals on leasing standards that were published in May.

The roundtables are part of FASB and the IASB’s due process approach to gauging reaction to the revised exposure drafts, which would put require many companies, such as airlines, to carry leasing expenses on their balance sheets that they had been able to keep off the balance sheet in the past.

The meetings will provide an opportunity for those who have submitted a comment letter, or who still intend to submit a comment letter, to discuss the proposals with the two boards in further detail. To ensure that the boards receive input covering a variety of perspectives, they said Tuesday they are seeking participation from preparers, auditors, investors and others.

Registration information for interested participants and observers is available on the Leases project pages on the FASB and IASB sites.

An audio recording of the roundtable meetings will be made available shortly after each meeting on the FASB and IASB Web sites.

The dates, times and locations of each public roundtable meeting are as follows:

Tuesday, September 10, 2013
Sao Paulo, Brazil
Location: TBD
Meeting time: TBD
Registration deadline: July 22

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Monday, September 16, 2013
IASB Office
30 Cannon Street
London EC4M 6XH
United Kingdom
Meeting times: TBD
Registration deadline: July 22

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Monday, September 23, 2013
FASB Office
401 Merritt 7
Norwalk, CT 06856
Meeting times: 9:00 a.m.–12:00 p.m. EDT and 1:00 p.m.–4:00 p.m. EDT
Registration deadline: July 22

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Thursday, October 3, 2013
Sheraton Gateway Los Angeles
6101 W Century Blvd
Los Angeles, CA 90045
Meeting times: 9:00 a.m.–12:00 p.m. PDT and 1:00 p.m.–4:00 PDT (nonpublic entity roundtable)
Registration deadline: July 22

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Friday, October 4, 2013
Singapore
Location: TBD
Meeting time: TBD
Registration deadline: July 22
Because the meeting details may change, FASB and the IASB advised interested parties to check their Web sites for the most up-to-date information before finalizing plans.

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