Question
This is the article. http://www.ifrs.org/news-and-events/2016/03/hans-hoogervorst-article-shining-the-light-on-leases/ First question is 'Some partners and staff are concerned about the potential negative impact on clients from this change. In
This is the article.
http://www.ifrs.org/news-and-events/2016/03/hans-hoogervorst-article-shining-the-light-on-leases/
First question is 'Some partners and staff are concerned about the potential negative impact on clients from this change. In particular, explain why may the change lead to 'defaults on debt covenants' (as referred to in the article highlighted above)'
Second question is 'Using your judgement, explain how your firm should deal with this change in terms of communications with clients and what you feel the overall impact will be on those clients.'
I don't want same answer as already reported here.
Thanks.
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