ACCOUNTING, AUDITING & ATTEST SERVICES
Posted: July 31, 2018
The targeted improvements are designed to reduce costs and ease implementation of the leases standard for financial statement preparers.
Posted: July 25, 2018
As companies implement the lease accounting standard, it is possible for them to achieve certain operational benefits, including improved decision-making and cost management.
Posted: June 12, 2018
Those who didn’t start this time-consuming, arduous process at least a year ago are behind – way behind. But there’s still time to get it done, and regardless of where a company is with its implementation, there are important practices they can use now to efficiently reach the finish line.
Posted: May 30, 2018
Shifting application from an individual lease to a portfolio level offers practicality and cost minimization for companies adopting FASB’s new lease accounting standard. Here are tips for applying a portfolio approach.
Posted: April 6, 2018
Many companies are finding themselves challenged by implementation of the FABS's new lease accounting standard. A Center for Audit Quality tool is designed to help audit committees with oversight of this difficult adoption process.
Posted: March 2, 2018
Although the 2019 implementation deadline for the new lease accounting standard seems a long way off, companies must begin preparing now. Compiling a complete inventory of a company’s lease agreements and key terms is a critical first step.
Posted: January 20, 2017
The new lease standard is intended to improve financial reporting and will align U.S. GAAP with the international accounting standards framework, both with similar effective dates.