NEWS RELEASE 07/02/13

FASB AND IASB TO HOLD JOINT ROUNDTABLE MEETINGS ON REVISED LEASES PROPOSALS

September and October 2013—Public Roundtable Meetings on the FASB and IASB Revised Exposure Draft on Leases

Norwalk, CT, July 2, 2013—
The FASB and the IASB will host several joint public roundtable meetings on their revised joint proposals on leases that were published in May 2013: the revised proposed FASB Accounting Standards Update, Leases: (Topic 842), and the IASB’s Exposure Draft, Leases.

The roundtable meetings are an important part of the Boards’ due process on the revised Exposure Drafts. The meetings will provide an opportunity for those that have submitted a comment letter, or who still intend to submit a comment letter, to discuss the proposals with the Boards in further detail. To ensure that the Boards receive input covering a variety of perspectives, the Boards are seeking participation from preparers, auditors, investors, and others.

Registration information for interested participants and observers is available on the Leases project pages on the FASB and IASB websites.

An audio recording of the roundtable meetings will be made available shortly after each meeting on the FASB and IASB websites.

The dates, times, and locations of each public roundtable meeting follow:

Tuesday, September 10, 2013
Sao Paulo, Brazil
Location: TBD
Meeting time: TBD
Registration deadline: July 22
________________________________________
Monday, September 16, 2013
IASB Office
30 Cannon Street
London EC4M 6XH
United Kingdom
Meeting times: TBD
Registration deadline: July 22
_____________________________________
Monday, September 23, 2013
FASB Office
401 Merritt 7
Norwalk, CT 06856
Meeting times: 9:00 a.m.–12:00 p.m. EDT and 1:00 p.m.–4:00 p.m. EDT
Registration deadline: July 22
________________________________________
Thursday, October 3, 2013
Sheraton Gateway Los Angeles
6101 W Century Blvd
Los Angeles, CA 90045
Meeting times: 9:00 a.m.–12:00 p.m. PDT and 1:00 p.m.–4:00 PDT (nonpublic entity roundtable)
Registration deadline: July 22
________________________________________
Friday, October 4, 2013
Singapore
Location: TBD
Meeting time: TBD
Registration deadline: July 22

Because meetings may change, please check the FASB and the IASB websites for the most up to date information before finalizing plans.


Inquiries:
Chris Welsh, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6495
Email: cwelsh@ifrs.org

Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
Telephone: +44 (0)20 7246 6472
Email: mbyatt@ifrs.org

Robert W. Stewart, Vice President, Communications, Financial Accounting Foundation
Telephone: 203.956.3451
Email: rwstewart@f-a-f.org


About the International Accounting Standards Board

The IASB was established in 2001 and is the standard-setting body of the IFRS Foundation, an independent, private sector, not-for-profit organisation. The IASB is committed to developing, in the public interest, a single set of high quality, global accounting Standards that provide high quality, transparent and comparable information in general purpose financial statements. In pursuit of this objective the IASB conducts extensive public consultations and seeks the co-operation of international and national bodies around the world. The IASB has 16 full-time members drawn from 11 countries and a variety of professional backgrounds. Board members are appointed by, and accountable to, the Trustees of the IFRS Foundation, who are required to select the best available combination of technical expertise and diversity of international business and market experience. In their work the Trustees are accountable to a Monitoring Board of public authorities.

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.