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Companies shift gears in final push to adopt lease rules

Tammy Whitehouse | August 6, 2018

As summer slips away, the countdown to new lease accounting is causing some public companies to shift gears, concerned they can’t make the deadline following their original adoption plans.

“Companies are struggling to be ready on time,” says James Barker, senior consultation partner at Deloitte & Touche. “We’re hearing some companies have effectively given up on a systems solution to adopting the standard. There’s too much remaining to be done.”

Companies are in a race to adopt Accounting Standards...

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