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Four reasons companies are lagging in lease adoption, and how to get on track

Tammy Whitehouse | August 15, 2017

In a perfect world, companies would be all over the new lease accounting standard that takes effect in 2019 to assure their financial statements fully and accurately reflect their lease obligations. But indicators suggest companies are slipping behind, and perhaps even mounting a call for a delay in the effective date.

A recent survey by Deloitte says roughly half of C-suite executives are concerned they don’t have enough time to do an adequate implementation. “It’s one thing to implement, but it’s another to have a quality implementation,” says James Barker, a senior consultation partner at Deloitte. “...

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