The new standards on leases, International Financial Reporting Standard (IFRS) 16, Leases and Accounting Standard Codification (ASC), 842, Leases are applicable from 1 January 2019.
The new standards on leases, International Financial Reporting Standard (IFRS) 16, Leases and Accounting Standard Codification (ASC), 842, Leases are applicable from 1 January 2019. The new requirements will impact not only the accounting and financial reporting by companies, but also their systems, processes, internal controls, procurement, taxes, and operational functions.
KPMG International has issued ‘2018 Global Lease Accounting Survey’1. The survey results, upon completion, will provide valuable insights and information on the progress made in implementing the standards. We encourage to participate in the survey.
(1The questionnaire should take approximately 5-10 minutes to complete. All replies will be treated in strict confidence. The results of the survey will be analysed and presented in an aggregated format, and neither you nor your company will be individually mentioned as having participated in the study.)
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