ACCOUNTING, AUDITING & ATTEST SERVICES
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.