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Mind controls, disclosures on leases, Big Four firms advise

Tammy Whitehouse | March 15, 2019

As the window closes on lease accounting implementation and companies face their first quarter of reporting under massive new guidance, Big Four firms are offering some last-minute pointers about controls and disclosures.

Under Accounting Standards Codification Topic 842, public companies are required to bring virtually all lease-related assets and liabilities out of footnotes and onto the face of financial statements with their first-quarter reports in 2019. That means calendar-year companies that will close the books on March 31 will report...

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