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Half of companies plan post-adoption work on leases: poll

Tammy Whitehouse | April 1, 2019

Roughly half of public companies expect to spend as much time—or even more—working on lease accounting adoption after the first quarter as they have leading up to their first reporting under the new standard.

That’s the finding of a recent Deloitte Webcast poll, where roughly one-quarter of more than 950 participants said they expect to spend the same amount of time and effort on lease implementation activities after they file their first quarter reports, and nearly as many said they plan to spend even more time. As of mid-February, when the webcast occurred, 61 percent of participants said their organizations were prepared for the effective date and 31 percent said they were somewhat prepared, while 7 percent said they felt unprepared.

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