Accounting Compliance

Yes or no? To be or not to be? Chicken or egg? Nature or nurture? Vanilla or chocolate? Since the beginning of time, humans have faced important—and not so important —choices.

While the soon-to-be-implemented leasing standard IFRS 16 won’t require organizations involved with leases to raise their right hand and swear an oath, they will need to ensure they’re telling the whole truth about their leases.

Think you need superpowers to achieve IFRS 16/ASC 842 compliance? Think again.“Look up in the sky! It’s a bird! It’s a plane! It’s…” well you know the rest.

The challenges facing transportation companies can be overwhelming—from pricing pressures to rapid shifts in technology to regulatory

Whether you bear responsibility for your compliance project or are simply part of the team, your role is fundamentally about balancing time, risk, and money with the requirements prescribed in the new lease accounting standards. In less than four month’s time, the IFRS 16 and

Not as confident in your current lease administration process as you want to be? You’re not alone. Intrigued by cloud-based applications that make credible promises of bringing order out of chaos, but concerned about data security?

Cliché? Maybe. But it happens to be particularly true when it comes to meeting the impending compliance deadlines for the new IFRS 16 and ASC 842 lease accounting standards.

It’s been a busy couple of years for accountants preparing to report within the framework of the new IFRS 9, 15, and 16 standards, and their US GAAP equivalent ASC 326, 606, and 842. The last remaining standard to adopt is IFRS 16 (ASC 842)