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Lease accounting adoption still behind, PwC poll says

Tammy Whitehouse | November 13, 2018

Even as recently as late October, more than 15 percent of public companies indicated through a PwC survey they had not yet begun implementing the new lease accounting standard that takes effect at the beginning of the new year.

PwC polled 450 finance professionals, nearly three-quarters at public companies, where 3 percent said their companies had not yet begun preparing for the new lease accounting. Another 13 percent said they were assessing the expected impact of the new accounting under Accounting Standards Codification Topic 842, which takes effect Jan. 1, 2019, for public companies.

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