FASB Sets 2019 Effective Date on Lease Standard

By Tammy Whitehouse2015-11-13T10:00:00

Image: FASB will issue its final leasing rule in 2016, effective 2019. IASB’s new leasing requirements will follow roughly the same timeline, although the boards still differ on how to reflect lease obligations in the income statement. “We believe that this new standard is important because it will provide investors, ...

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New accounting standard for leases brings numerous compliance concerns

2016-03-15T11:30:00Z By Tammy Whitehouse

As public companies face a 2019 deadline for a new accounting standard that brings leases onto corporate balance sheets, compliance officers will have to consider a long list of implementation decisions and business implications, says Tammy Whitehouse.
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Accounting standards update brings lease contracts under the spotlight

2016-03-08T11:30:00Z By Tammy Whitehouse

Image: After years of reports that entities would one day be required to reflect all of their lease obligations on the balance sheet, companies finally have a major new accounting standard to adopt that will bring all but the tiniest assets and liabilities arising from lease contracts onto corporate balance ...
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Image: Expecting a letup in the scrutiny of internal controls? Forget it: 2016 promises to be another intensive year for ICFR as all sides sharpen their understanding of the subject. “Internal control over financial reporting will remain on everyone’s radar,” says Cindy Fornelli, head of the Center for Audit Quality. ...

“For tracking litigation, enforcement, and regulatory developments, Compliance Weekshould be your prime source.”

FASB Sets 2019 Effective Date on Lease Standard

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New accounting standard for leases brings numerous compliance concerns

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
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