According to Accounting Today, citing new research by the IASB, changes in the proposed lease accounting standards that the FASB and the IASB are working to converge are expected to have an impact on approximately half of public companies, but less than 10% will see a major impact.

IASB chairman Hans Hoogervorst was quoted by Accounting Today as saying in a recent speech, “out of total of 12,000 entities that we analyzed, 1,000 companies, or less than 10%, accounted for 80% of all the operating leases.”

To view the full Accounting Today article, click here.