ASC 842 – Leases is now in effect for non public entities as of January 1, 2022 with early adoption permitted. Should you be planning to implement early in advance of your audit or preparing for 2022 adoption? We tell you what you need to know! We also cover lessons learned as our clients adopted ASC 606, so you can be on the lookout for potential pitfalls.
Please find a recent webinar hosted by KN+S for an update and review of the new lease accounting standard – ASC 842 with KNS Audit Partner, Dawn Darnell, and lessons learned from the adoption of ASC 606 – Revenue Recognition with KNS Audit Partner, Bryan McKeon.
Katz, Nannis + Solomon, P.C. If you have any questions or would like to speak with one of our professionals, please contact our office at 781-453-8700.