BDO Comment Letter - Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities

July 2021

July 15, 2021- Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities (File Reference No. 2021-003)

BDO has provided comments on FASB’s exposure draft on the discount rate for lessees that are not public business entities in applying Topic 842, Leases, and supports the proposed changes to allow these lessees to apply the risk-free discount rate for a lease by class of underlying asset, rather than at the entity level.