Gary S. Schieneman, CPA, begins a two-year term with FASB
on July 1, replacing Anthony T. Cope, who has joined the International
Accounting Standards Board (
http://accounting.rutgers.edu/raw/fasb/news/nr051401.html ).
The United Kingdom’s accounting standards board appoints
Douglas Flint to a three-year term (
www.frc.org.uk/publications/publication335.html ).
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Getting leases in lineASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.