The new lease accounting standards are far reaching and will substantially change the way organizations record leases.

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PHASED APPROACH FOR REVIEWING GASB 87 IMPLEMENTATION

PRE-IMPLEMENTATION REVIEW OF INTERNAL CONTROLS

WALK-THROUGH

ONGOING CONTROLS

HOW CAN I PREPARE FOR IMPLEMENTATION OF THE NEW LEASE STANDARD?

1. PREPARE COMPLETE LISTING OF LEASES

2. DETERMINE SOFTWARE NEEDS

3. DEFINE IMPLEMENTATION STRATEGIES

4. EDUCATE KEY STAKEHOLDERS ON THE CHANGES

The new lease standard can be complicated.

Make sure you’re in compliance.