You have been appointed as chief accountant of a firm that will be adversely affected by the

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You have been appointed as chief accountant of a firm that will be adversely affected by the method of accounting that is proposed in an exposure draft for an accounting standard on leasing. Write a report of 500 words or less explaining to your Board of Directors how you could lobby the AASB and the IASB to adopt an accounting practice other than the one proposed in the exposure draft. Also comment on the costs and benefits of lobbying for the company.

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