Implementing the Lease Accounting Standards

While COVID pushed back the effective date to 2022, privately held businesses and not-for-profit organizations are working right now to begin compliance with the lease accounting standards. Adding to this complexity are the effects the pandemic has had on real estate footprints and leasing terms, which need to be accurately reflected on the balance sheet.

Our lease accounting professionals explained the impact of the 2022 lease accounting standards, as well as how businesses and not-for-profits can prepare to implement and apply the new standards. If you missed the live event, you can find the recording below.

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Speakers

Michelle Felmlee, Partner | UHY LLP

Michelle is a leading member of the audit and assurance department with over 15 years of experience in public accounting.  She specializes in providing audit and review services for both public and privately-owned companies, including reporting on internal controls.  Michelle provides clients with timely communications regarding recent accounting developments, implementation of new accounting standards, appropriate application of GAAP and SEC reporting requirements.

Marc Lichtman, Partner | UHY LLP

Marc provides audit and business advisory services for clients ranging from private, entrepreneurial startups to publicly held, multinational clients.  He has extensive knowledge includes assisting with public offerings, business acquisitions and divestitures, SEC reporting, and complex debt and equity transactions.  Marc is one of the lead technical partners on accounting and auditing guidance.