The race to compliance is on for the new ASC 842 lease-accounting standard. Earlier this year, Deloitte released the results of a survey that found only 30-percent of private companies planned to adopt ASC 842 by the current January 2020 deadline. Perhaps the survey’s most eye-opening discovery is that 77-percent of respondents noted their companies were either “unprepared” or just “somewhat prepared” to comply with the new standard.

To read the full article, published in Corenet’s The Leader, click here.