An Overhaul of Lease-Accounting Rules? David Burton Says ‘No’
David Burton, a tax partner at Akin Gump, discusses lease-accounting rules in an article for CFO.com.
The article, “Lease-Accounting Rules: Tinker, Don’t Trash,” looks at recent changes, proposed by the Financial Accounting Standards Board and the International Accounting Standards Board, to the way in which leases are accounted for. Burton observes that, while there are some weaknesses in the existing rules, a complete overhaul is not warranted.