Leverton
Leverton

In 2016, The International Accounting Standards Board (IASB) and The Financial Accounting Standards Board (FASB) announced the IFRS16 and US GAAP ASC 842 standards.

To comply with these regulations, all large public and private corporations were required to re-evaluate their real estate and asset liabilities, which meant a total of $2.8 trillion in assets had to be reviewed prior to the January 1, 2019 enactment deadline.

In this paper, we will explore the challenges of compliance for retailers, a sector that was particularly impacted by the new standards.

Benefits Beyond Compliance: IFRS 16/ASC 842 and the Opportunities of Better Lease Management