Leases: Do you agree / disagree that more guidance is needed
Assume that you are preparing to submit a comment to the FASB for the public response to the Leases proposal. Please respond to the following:
Formulate a response that addresses the following:
Do you agree or disagree that more guidance is needed? State why.
Discuss what you support and do not support about the proposal and state why.
Explain what modification you would make to the guidelines.