By LeaseCrunch® on Dec 30, 2020 7:51:00 AM
LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today asked that the FASB not make large changes to the new lease standard but identified two smaller process improvements.
“Public companies understand the new lease standard now that they have completed their implementations,” said LeaseCrunch CEO Ane Ohm. “For the most part, the guidance works as intended and is a more transparent way for organizations to account for their leases. Financial statement users are also gaining comfort in how they understand the impact of the new lease standard on an organization’s financial health.”