7 Reasons Private Companies Should Start Implementing the New Lease Standard ASAP

November 18, 2019 at 8:00 AM / by LeaseCrunch® posted in LeaseCrunch®, FASB, New Lease Standard

The FASB’s decision to delay implementation of the new lease standard by one year for private companies brought some needed relief. At the same time, it’s important that private organizations not get complacent, as there are many reasons the new lease standard should still be top of mind.

We’ll discuss 7 of those reasons in this blog, largely focused around myths and misconceptions my team and I have been hearing since the delay was first announced. CPA firms can use these as talking points with your clients when discussing their preparation for the new lease standard.

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