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When a CPA firm attests to the accuracy of a client’s financial statements, maintaining independence is important to assure the firm was not unduly...

How much does lease accounting software cost? As your firm examines the work involved with implementing and maintaining the new lease standard,...

On Wednesday, April 8, 2020, the Financial Accounting Standards Board (FASB) met to discuss the coronavirus crisis and its impact on upcoming...

Read the original article posted on Accounting Today.

Fall can be a busy time of year. In public accounting, CPA firms reconnect with many clients...

Update: On April 8, 2020, FASB proposed to delay implementing the new lease standard for non-public organizations, making their new effective date...

Important note: This is a judgment-based standard, which means there are few hard-and-fast rules and the treatment of your leases will depend on your...

Have you spoken with your clients about the new lease standard? How many clients have begun preparing for implementation? Since the new lease...

The new lease standard, ASC 842, changes the treatment of common area maintenance (CAM) within a real estate lease contract. Many real estate leases...

While the new lease standard is obviously about accounting for leases, there are broader implications that your clients should consider now, well...