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Leaseurope Statement: Leaseurope welcomes IASB/FASB’s announcement that more time will be taken to complete new lease accounting standard

( April 22, 2011, 07:27 GMT | Official Statement) -- MLex Summary: The organisation of the automotive leasing sector hailed accounting standard-setters for taking more timeto consider rules on treatment of lease contracts that have drawn objections from the industry.BRUSSELS, 18 April 2011 - Leaseurope, the trade body representing the European leasing and rental industry, welcomes the recent announcement from the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) that the standard setters will take more time to develop the new international lease accounting standard....

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