According to Accounting Today, citing a new survey by Deloitte, most companies are still unprepared to adopt the new lease accounting standard.
The author notes that only 21.2% of finance, accounting and other professionals said their companies are “extremely” or “very” prepared to comply with FASB’s and the IASB new lease accounting standards
According to Accounting Today, the poll from the Deloitte Center for Controllership found that percentage is more than double the number expressing confidence, compared to a survey in early 2016 (9.8%).
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