On January 20, 2016, NAR as part of a broad industry coalition submitted a letter to the Financial Accounting Standards Board (FASB) and the Financial Accounting Foundation. The signatories are concerned that the decision to apply the soon-to-be finalized lease accounting standard to private businesses would exacerbate complexity, not meet the needs of private company investors and harm capital formation for those businesses.
NAR Coalition Letter to FAF and FASB Regarding Private Company Council Leases
Issue Date: January 29, 2016
On January 20, 2016, NAR as part of a broad industry coalition submitted a letter to the Financial Accounting Standards Board (FASB) and the Financial Accounting Foundation. The signatories are concerned that the decision to apply the soon-to-be finalized lease accounting standard to private businesses would exacerbate complexity, not meet the needs of private company investors and harm capital formation for those businesses.
Download Letter