May 25, 2011 – In his latest update from a recent meeting with several IASB board and staff members, industry expert and consultant Bill Bosco provides an update with clarifications, which he says are better news for the industry.

Bosco notes, however, in attempting to engage in a conversation on SL P&L cost for lessees, he was told: “they are not going to change their minds because they cannot find a way to justify amortizing the ROU asset to make the math of SL rent expense work.”

To read the full text of Bill Bosco’s latest update and commentary click here.

To read the previous story posted on monitordaily on Monday, May 23 click here.