A review of the latest developments in the world of financial accounting standards for REIT was recently done. NAREIT Senior Vice- President for financial standards, George Yungmann, sat with REIT.com to review such standards.
Yungmann has pointed out that process has been slowed by changes at the top of both the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). By saying process, he pertains to the project being carried out by the IASB and FASB regarding the global convergence of financial accounting reporting standards.
Yungmann has pointed out that process has been slowed by changes at the top of both the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). By saying process, he pertains to the project being carried out by the IASB and FASB regarding the global convergence of financial accounting reporting standards.
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