AAFCPAs’ Lease Task Force Advises: Do Not Delay!

In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Implementing FASB’s lease accounting standard will require businesses to invest considerable time and resources in gathering the information required for reporting. AAFCPAs advises clients to not delay! Lease Implementation Resources: […]