Private or public. Ready or not. A lease accounting compliance audit may be coming your way.
Right now, you might be one of the 5% of public companies in FASB ASC 842 post-transition mode. Or you might be in the majority of public companies who are somewhere in the grueling depths of compliance.
If you’re a private company, you’re probably feeling a false sense of security created by recent news of a delayed deadline.
Either way, there’s an elephant in the room: Will you be ready for an audit?