REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Tom Wilkin, partner at PwC, joined REIT.com 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.”
Serena Wolfe, partner at professional services firm EY, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Wolfe commented on the possibility of reaching global convergence on accounting standards.
“We as a firm are fully supportive of a single set of high-quality financial standards that are applied globally,” she said. “I think we are moving towards that.”
Greg Ross, audit partner at Grant Thornton LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
According to Ross, one of the biggest changes in financial reporting that he has witnessed is the change related to fair value accounting.
“Investors want it, so there are a lot more items on the balance sheet today with fair value implications,” Ross said.
J. Scott Craig, vice president and portfolio manager at Eaton Vance Management, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Craig discussed ways in which his background as a certified public accountant influences his approach to investing.
“It’s very easy to take accounting for granted and to assume everything is fine,” Craig said. He added that he has now started to have conversations with companies regarding their systems of checks and balances in accounting.
Tom Wilkin, real estate partner with accounting firm PwC, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Wilkin was asked about the progress made by standard setters at the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) to converge financial reporting requirements.
