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[print version]
On December 15, CPC-S filed its comment letter on Leases. Key points from the comment letter:
1. Applaud to the changes of current lease model. The proposed update is a significant improvement in the presentation of relevant financial information to users. Agree with the basic models, definitions and concepts proposed by the ED.
2. The costs incurred in implementing the new standards and maintaining the processes in the future may be one of concerns. Some requirements may even reduce useful information and reduce the update’s ability to provide a clear picture of assets and claims on those assets.
[print version]
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