July 13, 2021

Crane Hot Line published a guest column by Partner Robert Mercado and Senior Manager Michelle Johnson, on the effect of the ASU 842 new leasing standard

Crane Hot Line

By Robert Mercado, Partner, Assurance Services & Michelle Johnson, Senior Manager, Assurance Services

Crane Hot Line published a guest column by Partner Robert Mercado and Senior Manager Michelle Johnson, on the effect of the ASU 842 new leasing standard Construction

Excerpt:

ASU-842 will create new transparency on the contractor’s financial statement, revealing the assets and long-term obligations of the company, as compared to the current practice of recording these agreements as off-balance sheet events. Contractors should begin preparing for the new standard now, by reviewing and analyzing their current leases, rental agreements and contracts.

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Related Services

Assurance, Thank You

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Construction

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Robert  Mercado

Robert Mercado

Partner

  • Assurance
  • New Haven, CT