The U.S. accounting standards setter signaled Wednesday its support for considering further changes to its nearly decade-old rewrite of lease accounting rules, which included assets from aircraft to warehouses on corporate balance sheets.
Members of the Financial Accounting Standards Board said they were open to considering further tweaks in revising its lease agreements, particularly to address concerns from private companies that have had difficulty adopting the complex rules. Some of these potential updates could also benefit publicly traded companies, members said during a board meeting.
The FASB is evaluating the implementation of its 2016 standard requiring companies to record leased assets such as offices…