With new accounting standards on lease accounting and the resulting increased transparency in financial reporting for leasing arrangements going into effect in 2019 for public companies and 2020 for private companies, there promises to be a significant impact to all organizations. As your organization begins to acclimate to the new lease accounting standards, in addition to the accounting and reporting changes for leases, other areas including processes and internal controls, systems, and compliance matters will also need to be considered. We have the professional knowledge, technical expertise, and trusted insight to help you prepare for the many lease accounting challenges that lie ahead.
Making a smooth transition to the new lease accounting standards and putting new practices in place for the future is a top priority for any organization with a lease portfolio. Citrin Cooperman has extensive experience advising clients across a range of industries throughout all aspects of lease accounting.
Our professionals are skilled at providing technical guidance in the areas of accounting, tax, compliance, and reporting, consulting on existing lease agreements and on new lease structuring and strategies, as well as measuring leasing assets and liabilities. In addition, we can help our clients resolve issues that may arise from adopting the new standards and protocols, and provide guidance to overcome complex hurdles and implement lasting processes for compliance with new rules and regulations.