MSPC CPAs

Archive for March 2016

Shipping and Offshore Maritime Sectors Must Be Alert To Implications Of New US Lease Accounting Standard

The Financial Accounting Standards Board (FASB) in the United States has issued a lease accounting standard update following the release in January 2016 of an International Financial Reporting Standard (IFRS) dealing with the same subject. Although it had been expected that the FASB and IFRS standards would be identical, there are instead now two standards…

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