The lease accounting standards are far-reaching and substantially change the way organizations record leases.
Organizations need to be prepared to change the way leases are recorded since the updated lease accounting guidance for both FASB and GASB reporting entities are now in effect.
Regardless of private company versus public sector, the updated leasing standards have a sweeping impact on organizations. Organizations should focus on implementation early and understand the issues they will face when it comes to complying with the latest FASB and GASB standards. Our experienced team has helped numerous organizations implement and comply with the leasing standard changes.
We’ll help you define what leases are part of your organization, choose software to help you track the leases and ensure you comply with the latest standards.
Implementing the Updated Lease Standard
The updated lease standard can be complicated. Make sure you’re in compliance with the help of Eide Bailly.
Our team has helped numerous organizations understand and implement the new lease standard.
Leasing Standards Leadership
Partner/Audit & Assurance Practice Leader
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