Impact of Lease Accounting Standard Unclear, PwC Partner Says

Tom Wilkin, partner at PwC, joined for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Wilkin discussed the impact of the Financial Accounting Standards Board’s (FASB) new lease accounting standard. Issued in February, the new standard will not have a significant impact on lessors, Wilkin said: “Landlords are to a large extent unaffected.”