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ASU 2023-01 the new landscape for related party leases

Apr 18, 2023 · 247.3 KB Download

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On March 27, 2023, the FASB issued Accounting Standards Update (ASU) 2023-01, Leases (Topic 842): Common Control Arrangement, which addresses the accounting by private companies and certain not-for-profit entities (NFPs) for common control leases and leasehold improvements associated with such leases.

In this report, we detail the new landscape for related party leases under common control. While the issuance of the new ASU provides welcome relief for private companies, it also creates new challenges and opportunities that may be unanticipated.

Download the ASU 2023-01 The New Landscape for Related Party Leases

File name: asu-2023-01-the-new-landscape-for-related-party-leases.pdf

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