As everyone knows, the accounting for leases will be changing for lessors and lessees over the coming year for all organisations. The effective dates are for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years (i.e., January 1, 2019 for a calendar-year public entity and January 1, 2020 for a calendar-year, non-public entity).
This webinar will detail the new leasing accounting standard and provide nuances to consider to ensure that the present infrastructure supporting lease accounting remains intact. In doing so, we will use the following to frame the discussion: Why change? What’s new? Are there common issues and challenges to consider now that the implementation is upon us?
During this webinar, we will:
- Discuss best practises and provide practical applications for implementing the new standard.
- Outline why it is important for management to monitor the quality of the implementation, including subject-matter expertise.
- Describe why audit committees should pay close attention to the lease accounting standard.
Chris Wright is Protiviti's regional managing director for the Northeast Region. Chris is also the firm-wide leader of the Finance Reporting Remediation and Compliance and Public Company Transformation practises. His work in Finance Remediation & Reporting Compliance has involved a significant commitment to public speaking and the development and delivery of internal and external training.
Charles is an director in Protiviti's Woodbridge, NJ office and is a leader in the firm's Financial Reporting Risk Services (“FRRS”) and Internal Audit practises. Under the FRRS practise, Charles has been advising Pre-IPO and newly public companies in support of their accounting and regulatory compliance initiatives. From a geographic perspective, he focuses on the New York metropolitan and Northern New Jersey marketplaces. From an industry perspective, he serves clients in the Financial Services, Real Estate, Communications and Retail Industries.
Sarah is an associate director in Protiviti's Finance and Accounting Excellence solution group. She is a licensed CPA in the State of New York. Prior to joining Protiviti, she worked as an external auditor for both public and private companies in the consumer products and services industry. Sarah received a master's degree in Accounting from Binghamton University and a bachelor's degree in Accounting from The State University of New York at Geneseo.