After several extensions, the new lease accounting standard is here; but is your organization ready? Known as Financial Accounting Standards Board (FASB) ASC 842, this standard is finally effective for private companies with fiscal years beginning after December 15, 2021. What can you do to prepare?

Listen as Andrew Donohoe, Shareholder with VonLehman CPA & Advisory Firm, gives an update on the new lease standard requirement, including what you need to know going forward. During this event, Andrew took a deeper dive into the standard, walked through how to create an implementation guide for your organization, and provide some additional insight on communication with the users of your financial statements.