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FASB Proposes Delaying New Lease Standards for Private Companies, But There’s No Time to Waste - The Protiviti View
At the start of 2019, the implementation deadline for the Financial Accounting Standards Board’s (FASB) new lease accounting standard passed for most public companies. FASB has proposed postponing the effective date for privately held organizations to the beginning of 2021, but the pressure remains on those organizations that have been struggling to meet the deadline. …