On March 27th, the
Financial Accounting Standards Board (FASB) published an
Accounting Standards Update (ASU) that adds enhancements to the guidance for applying
Topic 842, Leases to arrangements between entities under common control. Some stakeholders shared concerns with applying Topic 842 to related party arrangements between entities under common control during the process of FASB’s
post-implementation review (PIR) of Topic 842.
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