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Road to Compliance: Guide to Comply with FASB ASC 842

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Introduction Regulatory change has come to lease accounting in the form of FASB ASC 842 and IFRS 16, and organizations must respond. Given that occupancy costs represent an organization's second or third largest expense, it's not something to be taken lightly. This complete guide on the Road to Lease Compliance will lead you through the steps you need to take, to not only ensure compliance to the new standard, but to institutionalize the changes to represent a permanent shift in the way you account for your leases. Tango does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any lease compliance related activities.

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