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IFRS Partner in KPMG in Bahrain Mahesh Balasubramanian

New lease accounting standards ‘will bring transparency’

MANAMA, January 26, 2016

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.
To read further, please visit GDNonline

Tags: Transparency | Accounting | standard | IFRS |

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