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Companies Find Lease Accounting More Challenging Than Expected

Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey from lease accounting technology company LeaseQuery. The survey found that 37 percent of companies in the early stages of implementation anticipate that their transition would be difficult. However, 67 percent of companies in the latter stages of implementation reported actual difficulty. Read more (PDF) at the LeaseQuery website.