The Securities and Exchange Commission is getting questions about some follow-on effects associated with new lease accounting rules, like presentation in the contractual obligations table and the make-up of certain non-GAAP numbers.
SEC staff members met with the Center for Audit Quality’s SEC Regulations Committee to acknowledge concerns and answer questions, as best they can so far. The staff said they are considering how companies should comply with requirements under Regulation S-K regarding disclosing contractual obligations now that Accounting Standards Codification Topic 842 brings lease-related assets and liabilities into financial statements.
