Audit Insights

Changes for Lease Accounting

The long-awaited new FASB standard on lease accounting was issued in February 2016. ASU 2016-02 aims to ensure greater transparency in the financial reporting of leases. It becomes effective in 2018 for public companies, and one year later for private entities.

Read the article from the Spring 2016 issue of GYF Perspectives.

Jeffrey A. Ford

Jeff is one of the firm's founders and is a partner in the GYF Audit and ERP Solutions Groups. He has focused his career on providing accounting, auditing and consulting services to privately held companies and not-for-profit entities. Jeff also serves as the North American Audit Practice Chair for Geneva Group International (GGI).

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