ASC 842 Advisory Solution

Since the passage and wide adoption of ASC 842, lease accounting has received a higher audit scrutiny. This exposed organizations to noncompliance and audit risks on how their leased assets – such as, equipment, vehicles, and real estate – are accounted for in the balance sheet. Finance and accounting teams face different challenges in gathering, organizing, measuring, and presenting lease-related records to assure regulatory compliance.

Our specialists draw upon deep experience and knowledge to help clients manage and account for their leases. We guide through each testing requirement, relevant sections, and standard implementation from ASC 842, as well as assisting our clients with the proper documentation and evidence reporting. Promoting a sound financial reporting, capital budgeting, and regulatory compliance.