Clarification



CPA Richard Forrest, cited in our January Top Line column (page 14) for his helicopter exploits in hurricane-battered New Orleans, is a partner at Forrest and Kelley LLP, a Houston law firm specializing in helping accounting firms. His son, Richard Forrest II, is with the Houston accounting firm of Gainer, Donnelly & Desroches LLP.

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Getting leases in line

ASC 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.