Leases – Overcoming the challenges of complying
What our global survey reveals
What our global survey reveals
The new lease accounting standards are now effective for calendar year-end companies, both under IFRS® Standards and US GAAP.
In this podcast, Dean Bell, Markus Kreher and Brian O’Donovan discuss the findings of KPMG’s Global Lease Accounting Survey and explore what companies can do to overcome the challenges of complying.
Whatever you’re doing today, whether it’s a sticking plaster approach or a full implementation, you’ve got to be ready – not only for today but also for tomorrow as well.
Any implementation efforts need to be sustainable for the long-term and not just a one-off compliance exercise. It makes commercial and strategic sense to make sure that you are ready for the future.
This survey gives us hard data. And what that hard data tells us is that in the run up to the effective date, a lot of people had a lot of work still to do...
A full transcript (PDF 583 KB) of this podcast is available and our Leases topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at.
Visit our IFRS Today landing page to view other episodes in this series.
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