- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Plenty of companies adopting new lease accounting rules for a Jan. 1, 2019, effective date are likely to continue their implementation work even into the first quarter.
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Midway through the first year of complying with new lease accounting rules, only a little more than half of public companies said they completed their transition.
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.
