- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Amid technology challenges and minor changes to the pending new lease accounting rules, FASB is standing firm on the Jan. 1 effective date.
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Nearing the end of their second quarter observing new lease accounting rules, many public company accounting departments are still cursing their software.
SEC staff members met with the Center for Audit Quality’s SEC Regulations Committee to acknowledge concerns and answer questions associated with new lease accounting rules.
Companies generally are expected to be ready to report under new lease accounting rules but still face some added work to prepare for ongoing compliance.
