The objective of the additional public consultation to obtain constituents’ views on:
- examples of transactions that would qualify as leases under the proposals, but that in the constituents view are in substance services; and
- the two alternative approaches proposed by the IASB and the FASB at their March 2014 Boards’ meeting and more particularly which is more appropriate and/or less costly to apply.
On 15 September, EFRAG hosted an outreach event in Brussels to discuss the preliminary results of the public consultation.