Last month, we noted a substantial rise in Matters for Further Consideration (MFCs) in peer review related to FASB Accounting Standards Codification (FASB ASC) 842, Leases,when we revealed our Top 10 list for MFCs citing a FASB ASC Topic. Many of the FASB ASC 842 MFCs cited errors and omissions of multiple (but not all) required disclosure and presentation items in FASB ASC 842. In this report, we detail the most common disclosures or presentation errors or omissions in the
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Lease Disclosure/Presentation MFCs - Part I
May 21, 2025 · 259.8 KB Download
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File name: CPEA Report - May 2025 - Lease Disclosure/Presentation MFCs - Part I
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