A pair of new poll results suggest anxiety is growing at public companies that have five months remaining until new lease accounting rules take effect.
KPMG and Deloitte revealed surveys indicating companies are still struggling with adoption of the new leasing accounting rule, Accounting Standards Codification Topic 842, and are getting more concerned about their ability to get done on time. Bringing nearly all leased assets and liabilities on to corporate balance sheets, ASC 842 takes effect for calendar-year public companies on Jan. 1, 2019.
