• Attention! Ed PSAK 73 (Lease) Has Officially Been Ratified
Newsletter:

Attention! Ed PSAK 73 (Lease) Has Officially Been Ratified

23 May 2017

Godang Parulian Panjaitan , Client Service Partner |

The Financial Accounting Standards Board under the Institute of Indonesia Chartered Accountants (DSAK IAI) has ratified the Exposure Draft (ED) PSAK 73 adopted from IFRS 16 Leases on 26 April, 2017. The background of the emergence of this new regulation is the critique toward PSAK 30 for its inability to meet the needs of users of financial statements because of its lack of transparency of information about the lease obligation as well as unrecognized lease transaction on a lessee’s balance sheet.

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