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Navigating The New Lease Accounting Regulations: ASC 842

 

As many of you are aware, the Financial Accounting Standards Board has recommended that the new standard on accounting for leases be delayed for private companies by one year to 2021. The feedback they received is that few companies would be ready to implement the standard on January 1, 2020. While this proposed delay has not yet gone to a full vote, it is all but certain it will pass.  As a result, we are delaying our client training seminar on this topic until next year.