Accounting & Auditing Update

Amid technology challenges and minor changes to the pending new lease accounting rules, FASB is standing firm on the Jan. 1 effective date.

The year-end push to adopt new lease accounting is taking more time and more money than companies expected, according to a new poll by EY.

Plenty of companies adopting new lease accounting rules for a Jan. 1, 2019, effective date are likely to continue their implementation work even into the first quarter.

FASB has taken another step to make the adoption of the huge new standard on lease accounting a little simpler—this time for lessors.

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.

Investors are not getting much warning about assets and liabilities soon to hit corporate balance sheets as companies prepare to adopt new lease accounting rules.

FASB has reached some preliminary decisions about how it will revise rules on lease accounting and hedging to address implementation questions.

The Center for Audit Quality is offering some tips to audit committees on how to query senior management regarding readiness for new lease accounting standards.

A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.

Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.

FASB has finalized a change to the pending new lease accounting standard meant to make it easier for companies to transition to the new requirements.

The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.

If history is any indicator, companies can expect the SEC to begin scrutinizing disclosures about the pending new lease accounting requirements at this year-end.

FASB is proposing new clarifications to its previously issued standards on the recognition and measurement of financial instruments and on leases.

The Financial Accounting Standards Board is preparing to propose a modification to the pending lease accounting standard to amend the transition guidance.

Auditors have been notified to be alert to whether corporate SAB 74 disclosures about pending new accounting standards are adequate.

Another new poll says public companies are starting to freak out over how they’ll meet the 2019 effective date to adopt new lease accounting rules.

A new poll suggests nearly one-fourth of companies are not yet preparing to comply with new lease accounting standards that begin to take effect in 2019.