The Financial Times is reporting that the global push by accounting rule makers to force companies to recognize their true exposure to leasing obligations on their balance sheets is facing increasing resistance from Europe.

The Times said that national accounting standard-setters in the UK and Germany have raised concerns, saying they “remain to be convinced that the current proposals would provide benefits which outweigh their cost and complexity” in spite of supporting the overall aims of the project.

To read the Financial Times story click here.