in an address entitled 'introductory comment to the European parliament' (made in Brussels, Belgium) on 11 January 2016, the Chairperson of the iasb, Hans Hoogervorst, made the following comments in relation to the new accounting 2016 on the iasb wesite at www.ifrs.org explain why the chairperson of the IASB believes that the former accounting standard for lease (AASB117/IAS17) dit not reflect economic reality