Inaccurate disclosures can lead to serious consequences under ASC 842. Yet over 99% of senior finance and accounting professionals are concerned about misrepresenting company lease financials.
How serious are the implications of misrepresented leases? And how do you avoid putting your business at risk of a failed audit?
In this whitepaper, we dive into what contributes to the risks associated with ASC 842 and how to address them.
You will learn:
- The impacts of lease misclassification
- How to establish controls over leasing activities
- Processes that support ongoing compliance