Lease Accounting and Critical Audit Matters

A list of 70 judgements commonly applied under ASC 842

Should lease accounting be one of your Critical Audit Matters?

Preliminary surveys by research organizations have found lease accounting to be one of the most common CAM topics identified during dry runs by large accelerated filers. This is not surprising given that the ASC 842 standard involves a number of key judgments, both during the implementation phase (before adoption) and in the on-going operations phase (following adoption).

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