Wipfli: FASB issues draft of new accounting standard for lease accounting

Press Contact

Jennifer Hacker Olsen

952.548.3389

jolsen@wipfli.com

Milwaukee, Wis. (October 28, 2010) — On August 18, 2010, the Financial Accounting Standards Board (“FASB”) issued an exposure draft of a new accounting standard relating to lease accounting (“Exposure Draft”). Dan Szidon, leader of Wipfli’s firm wide audit and accounting practice, recently wrote the attached summary highlighting the new standard, which impacts all types of businesses across the country.

Please contact Wipfli PR & Communications Manager Jennifer Hacker Olsen at 952.548.3389 or jolsen@wipfli.com, if you are interested in talking with Szidon for more insight into what this new accounting standard means to businesses.

About Wipfli LLP

With over 950 associates and 19 offices in Wisconsin, Illinois, Minnesota and the state of Washington, Wipfli ranks among the top accounting and business consulting firms in the nation. Wipfli can advise in all areas of business, from finance and operations to human resources, information technology, and customer relationships. Wipfli’s clients include manufacturers, health care organizations, financial institutions, nonprofit entities, dealerships, contractors and developers, small businesses, and individuals. Wipfli’s 80-year legacy of helping its clients succeed is a point of pride for each of the firm’s partners and associates. For more information, visit http://www.wipfli.com.