--- title: Audit, Compliance and Risk Blog | STP | Lease Accounting description: Lease Accounting | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [Currently Proposed Changes to U.S. Lease Accounting Rules](https://blog.stpub.com/bid/189949/Currently-Proposed-Changes-to-U-S-Lease-Accounting-Rules) Posted by [STP Editorial Team](https://blog.stpub.com/author/stp-editorial-team) on Fri, Nov 08, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-372217481-jpg/images/cars.jpg) ](https://blog.stpub.com/bid/189949/Currently-Proposed-Changes-to-U-S-Lease-Accounting-Rules) The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), under their joint Leases Project, propose to substantially revise the existing rules for [lease accounting](http://www.stpub.com/accounting-for-leases-interpretations-of-us-gaap-online). [Read More](https://blog.stpub.com/bid/189949/Currently-Proposed-Changes-to-U-S-Lease-Accounting-Rules) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/189949/Currently-Proposed-Changes-to-U-S-Lease-Accounting-Rules#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Accountants](https://blog.stpub.com/topic/accountants), [US GAAP](https://blog.stpub.com/topic/us-gaap), [GAAP](https://blog.stpub.com/topic/gaap) ## [An Autumn Update on Accounting and Auditing Matters](https://blog.stpub.com/bid/186880/An-Autumn-Update-on-Accounting-and-Auditing-Matters) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Tue, Sep 17, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-303644402-png/images/masters-in-accounting-badge.png) ](https://blog.stpub.com/bid/186880/An-Autumn-Update-on-Accounting-and-Auditing-Matters) ** ** [Read More](https://blog.stpub.com/bid/186880/An-Autumn-Update-on-Accounting-and-Auditing-Matters) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/186880/An-Autumn-Update-on-Accounting-and-Auditing-Matters#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants) ## [Internal Controls—An Updated Framework Has Arrived!](https://blog.stpub.com/bid/185337/Internal-Controls-An-Updated-Framework-Has-Arrived) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Aug 16, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-270507415-jpg/images/internal_control.jpg) ](https://blog.stpub.com/bid/185337/Internal-Controls-An-Updated-Framework-Has-Arrived) On May 14, 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued its final revised “Framework” for internal control reporting. Many accountants and other readers may raise the question, who is COSO and what do they do? Yes, [accountants](http://www.stpub.com/search.asp?keyword=accounting+and+tax&search=GO) are quite familiar with guidance issued by the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), and other standard-setters, but COSO is not a standard-setter. So, this latest version of the COSO Framework arguably is a “sleeper” when it comes to guidance that may affect accountants. [Read More](https://blog.stpub.com/bid/185337/Internal-Controls-An-Updated-Framework-Has-Arrived) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/185337/Internal-Controls-An-Updated-Framework-Has-Arrived#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants) ## [A Further FASB/IASB Proposal to “Fix” Lease Accounting](https://blog.stpub.com/bid/180563/A-Further-FASB-IASB-Proposal-to-Fix-Lease-Accounting) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Mon, Jun 03, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-55172633-jpg/images/airplane_1.jpg) ](https://blog.stpub.com/bid/180563/A-Further-FASB-IASB-Proposal-to-Fix-Lease-Accounting) As mentioned in my September 2012 blog article, “[Possible New Lease Accounting Rule—An Update](https://blog.stpub.com/bid/157867/Possible-New-Lease-Accounting-Rule-An-Update),” a new proposal for lease accounting was likely to “hit the streets” sometime in 2013. Sure enough, a new proposal was issued on May 16, 2013. This proposal was issued jointly by the U.S. accounting standard-setter, the Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB), which issues accounting standards that are used by many companies in countries outside the United States. The two boards are striving to conform their [accounting principles](http://www.stpub.com/search.asp?keyword=accounting&search=GO) and this lease project is one example of that effort. [Read More](https://blog.stpub.com/bid/180563/A-Further-FASB-IASB-Proposal-to-Fix-Lease-Accounting) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/180563/A-Further-FASB-IASB-Proposal-to-Fix-Lease-Accounting#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Accountants](https://blog.stpub.com/topic/accountants) ## [Accounting Guidance for Not-for-Profit Entities Is Changing](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, May 03, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-31855859-jpg/images/coin_rolls.jpg) ](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) The Financial Accounting Standards Board (FASB) has recently clarified certain guidance relating to not-for-profit (NFP) entities. Specifically, it has issued Accounting Standards Update (ASU) No. 2012-05, *Statement of Cash Flows* *(Topic 230), Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows*, and ASU No. 2013-06, *Not-for-Profit Entities (Topic 958), Services Received from Personnel of an Affiliate*. The latter ASU was issued on April 19, 2013. Separately, the American Institute of Certified Public Accountants (AICPA) in March 2013 issued new guidance in the form of an updated Audit & Accounting Guide (AAG), *Not-for-Profit Entities*. [Read More](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/178491/Accounting-Guidance-for-Not-for-Profit-Entities-Is-Changing#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants), [GAAS](https://blog.stpub.com/topic/gaas), [GAAP](https://blog.stpub.com/topic/gaap) ## [Expected Developments Affecting Accountants in 2013—Part 2, FASB-IASB](https://blog.stpub.com/bid/170372/Expected-Developments-Affecting-Accountants-in-2013-Part-2-FASB-IASB) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Jan 25, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-18707814-jpg/images/future_number_keys.jpg) ](https://blog.stpub.com/bid/170372/Expected-Developments-Affecting-Accountants-in-2013-Part-2-FASB-IASB) This is the second of three blog articles on my thoughts on developments that may occur in 2013 in “Accounting Land” in the United States. In this article I discuss the joint projects that the U.S. Financial Accounting Standards Board (FASB) and its international counterpart, the International Accounting Standards Board (IASB), are working on. In my third blog article, I will cover the major activities at the Securities and Exchange Commission (SEC), the Public Company Oversight Board (PCAOB), the American Institute of Certified Public Accountants (AICPA), and, finally, the Governmental Accounting Standards Board (GASB). [Read More](https://blog.stpub.com/bid/170372/Expected-Developments-Affecting-Accountants-in-2013-Part-2-FASB-IASB) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/170372/Expected-Developments-Affecting-Accountants-in-2013-Part-2-FASB-IASB#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Accountants](https://blog.stpub.com/topic/accountants), [IFRS](https://blog.stpub.com/topic/ifrs) ## [Expected Developments Affecting Accountants in 2013—Part 1, FASB](https://blog.stpub.com/bid/169963/Expected-Developments-Affecting-Accountants-in-2013-Part-1-FASB) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Mon, Jan 21, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17047642-jpg/images/man_in_archway.jpg) ](https://blog.stpub.com/bid/169963/Expected-Developments-Affecting-Accountants-in-2013-Part-1-FASB) My last two blog postings discussed what happened in “Accounting Land” in the United States in 2012. But that’s history. What about the future? Let’s dust off the crystal ball and I’ll share with you my thoughts on developments that may occur in 2013, in a series of three blog articles. [Read More](https://blog.stpub.com/bid/169963/Expected-Developments-Affecting-Accountants-in-2013-Part-1-FASB) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/169963/Expected-Developments-Affecting-Accountants-in-2013-Part-1-FASB#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Accountants](https://blog.stpub.com/topic/accountants), [US GAAP](https://blog.stpub.com/topic/us-gaap) ## [2012: A Year in Review for Accountants—Part 1, Accounting Standards](https://blog.stpub.com/bid/168051/2012-A-Year-in-Review-for-Accountants-Part-1-Accounting-Standards) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Dec 21, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/168051/2012-A-Year-in-Review-for-Accountants-Part-1-Accounting-Standards) As 2012 comes to a close, it is time for accountants in the United States to reflect on new [financial reporting](http://www.stpub.com/search.asp?keyword=accounting+and+tax&search=GO) rules or developments and what may transpire in 2013. This is the first of two blog articles on the topic. In this article, I cover accounting developments in the United States and internationally. The second article will cover [Securities and Exchange Commission](http://www.stpub.com/search.asp?keyword=sec&search=GO) (SEC) developments and auditing developments. [Read More](https://blog.stpub.com/bid/168051/2012-A-Year-in-Review-for-Accountants-Part-1-Accounting-Standards) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/168051/2012-A-Year-in-Review-for-Accountants-Part-1-Accounting-Standards#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [Accountants](https://blog.stpub.com/topic/accountants), [US GAAP](https://blog.stpub.com/topic/us-gaap), [GAAP](https://blog.stpub.com/topic/gaap), [IFRS](https://blog.stpub.com/topic/ifrs), [Decision on IFRS](https://blog.stpub.com/topic/decision-on-ifrs) ## [Possible New Lease Accounting Rule—An Update](https://blog.stpub.com/bid/157867/Possible-New-Lease-Accounting-Rule-An-Update) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Wed, Sep 19, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/157867/Possible-New-Lease-Accounting-Rule-An-Update) It has been more than two years since the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued their joint proposal on [lease accounting](http://www.stpub.com/publications/accounting-tax/accounting-tax-ls). In fact, the proposal was issued on August 17, 2010, and the boards were seeking comments on their proposal by December 15 of that year. [Read More](https://blog.stpub.com/bid/157867/Possible-New-Lease-Accounting-Rule-An-Update) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/157867/Possible-New-Lease-Accounting-Rule-An-Update#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [US GAAP](https://blog.stpub.com/topic/us-gaap), [GAAP](https://blog.stpub.com/topic/gaap) ## [Lease Accounting - Will There be a New Accounting Standard?](https://blog.stpub.com/bid/138722/Lease-Accounting-Will-There-be-a-New-Accounting-Standard) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, May 10, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060110-jpg/images/ron_pippin_photo.jpg) ](https://blog.stpub.com/bid/138722/Lease-Accounting-Will-There-be-a-New-Accounting-Standard) The current rules for lease accounting in the United States go back to 1976 and have been interpreted, modified, amended, and revised numerous times over the years. The existing U.S. accounting standard is complex and, some say, arbitrary because it allows companies to structure transactions to meet the rules of the standard, and helps keep significant liabilities off their balance sheet. [Read More](https://blog.stpub.com/bid/138722/Lease-Accounting-Will-There-be-a-New-Accounting-Standard) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/138722/Lease-Accounting-Will-There-be-a-New-Accounting-Standard#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Lease Accounting](https://blog.stpub.com/topic/lease-accounting), [US GAAP](https://blog.stpub.com/topic/us-gaap) [All posts](https://blog.stpub.com/all) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved