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Choosing the right software for your application can be challenging. The FASB, GASB, and IASB lease accounting standards require public and private companies to provide more quantitative and qualitative details about leases in their financial statements. In addition to complying with IFRS 16 and ASC 842, public companies and many private companies need to ensure that the processes comply with Sarbanes-Oxley rules. With leased assets and liabilities much more visible on the balance sheet, external auditors are applying more scrutiny to the processes, systems and controls associated with leases.