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Grant Thornton Survey Finds 78% of Businesses Hold Leases, but Less Than Half Aware of Pending Lease Accounting Changes

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Grant Thornton Survey Finds 78% of Businesses Hold Leases, but Less Than Half Aware of Pending Lease Accounting Changes Powered By Docstoc
					
				
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Description: LONDON--(BUSINESS WIRE)--The IASB and FASB are set to publish revised proposals for a new lease accounting standard but a survey of 3,450 businesses in 44 economies finds that, although 78% hold leases, only 42% are aware of these proposed global changes that could drastically alter their balance sheet. The global impact of the standard is expected to require companies reporting under US GAAP and IFRS to now record trillions of dollars of new assets and liabilities. According to the quarterly Gr a style=
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