Some oppose proposal for converged lease-accounting standard

05/6/2013 | JournalofAccountancy.com

Mark LaMonte, managing director at Moody's Investors Service, expects a proposal for a converged lease-accounting standard that is near issuance to be less transparent to investors than the existing rule. "My personal view: I wouldn't mind seeing this go away," he said. The converged standard faces significant industry opposition.

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