Shipowners challenge new accounting standards
The International Chamber of Shipping (ICS) is expressing serious concerns regarding a proposed change to the accounting standards for ship leasing, which looks set to become effective in 2017.
BY KATRINE GRØNVALD RAUN
A proposal to revise the international accounting standards for ship leasing is met with criticism by the global shipowners' association, the International Chamber of Shipping (ICS). The organization has thus submitted detailed comments to the International Accounting Standards Board (IASB), which presented the proposal together with the US Financial Accounting Standards Board. The proposal looks set to become effective in 2017.
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