FASB Votes Against Extending the Lease Accounting Standard Due Date
LSLCPAs
DECEMBER 17, 2021
Private Companies and Non-Profits Must Comply by Original Deadline. The Financial Accounting Standards Board FASB rejected the Pennsylvania Institute of CPA’s (PICPA) request for a two-year extension of the lease accounting standard’s due date. 15, 2021, and interim periods within fiscal years.
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