New lease accounting standards ‘will bring transparency’
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IFRS Partner in KPMG in Bahrain Mahesh Balasubramanian
The new lease accounting standard published recently by the International Accounting Standards Board (IASB) brings added transparency to financial reporting, according to KPMG International. The new standard requires companies to bring most leases on balance sheet, recognising new assets and liabilities, said a report in the Gulf Daily News (GDN), our sister publication.
