- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
FEI’s corporate reporting group has developed its own guides for preparers on how to assure sound controls with major new accounting adoptions.
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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.
ICFR guides by preparers and for preparers are meant to help the preparer community develop and document internal controls over leases and CECL adoptions.
Technology is permeating internal control over financial reporting, and one of its pioneers says the transition is possible even without a tech background.
