Published on 14 December 2006

The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) established this group to help them in their joint project to reconsider their standards on lease accounting. The group consists of 18 senior professionals drawn from the global leasing industry.

The project involves reconsideration of all aspects of lease accounting and is expected to lead to a fundamental revision of the way that lease contracts are treated in the financial statements of both lessees and lessors.

Maxwell is internationally recognised as one of the foremost experts in lease accounting. He joined the CHP group from KPMG in 2004 to establish Classic Technology Limited, a joint venture dedicated to providing consultancy and lease evaluation tools for the structured leasing market. Maxwell has more than 25 years experience in the industry, primarily advising on accounting and evaluation issues covering the entire range of leasing activities.