After a delay for the pandemic, new lease accounting rules are set to take effect in 2022 and too many firms and companies aren’t ready, Ane Ohm, co-founder and CEO of LeaseCrunch software tells CPA Trendlines.
The lease standard was delayed by a year, ” Ohm says, “Instead of having been effective this past year, it is effective in 2022.”But the world has changed since the rules were first written.
You can listen to the entire interview in CPA Trendlines here.