Deloitte survey: New lease standards could be a technological nightmare

Quality of data, complexity of compliance and lack of confidence in IT systems are to concerns

A new survey by Deloitte reveals the quality of data, the complexity of compliance, and a lack of confidence in IT systems are the main concerns for companies ahead of the finalizing of a new lease accounting standard, with almost 80 percent of executives believing that compliance with the new standard will be difficult.

The new lease accounting standards are being implemented by the Financial Accounting Standards Boards (FASB) and the International Accounting Standards Board (IASB).

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Alexis Harrison

Alexis Harrison is a Connecticut-based writer and public relations professional whose career spans both print journalism and broadcast news. Alexis started her professional life as...

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