Lease Accounting: 5 Lessons Learned from Public Company ASC 842 Implementations: How Private Companies Can Avoid Making the Same Mistakes
LeaseAccelerator | July 2019
We’re now seeing the first public company filings under ASC 842. While many made the deadline, most were not able to accomplish both the transition and setting up all of the back-end processes to maintain compliance. Many are still relying on manual workarounds while they work to establish long-term, automated strategies. The main reason why public companies fell behind was because they underestimated the burden of the standard.
Read the full article in The Andersen Alumni Newsletter.