The Road to Readiness for ASC 842
In this report, we share findings from our 2021 survey of 500 senior finance and accounting professionals (excluding public companies) about ASC 842 readiness.
The results cover:
A look at the current landscape (75% of surveyed companies are not yet compliant)
Some of the biggest challenges associated with adopting (41% of respondents reported that they haven’t gathered all the necessary lease data)
The top reasons for better processes, people and tech (tracking and managing modifications, execution of new policies, and more!)
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