Recent articles
Recognizing When Your Lease Accounting Software Isn’t Working For You
While you’ve successfully navigated the lease accounting transition, ongoing compliance and efficient management remain crucial. If your current lease accounting software isn’t delivering, it’s time to re-evaluate. Staying with a subpar solution can lead to...
Sarah Knox-Hansen
Principal, Audit and Assurance Download Bio | Connect with Sarah Specialties Specialties SOC Examinations Compliance Internal Controls Healthcare Technology Services Manufacturing & Distribution Risk Assessment and Management Data Analytics Professional Profile...
Regulation CC Threshold Increases – Best Practices
Regulation CC was amended by the Board of Governors of the Federal Reserve System (Board) releasing a finalized rule to formally adopt a methodology for inflation adjustments. The finalized rule takes effect July 1, 2025. Banking institutions will need to understand...
First Time 401(k) Plan Audit Guide: Rules, Deadlines and Requirements
Your company’s first 401(k) plan audit is due; do you know where to start? Plan sponsors and administrators have a fiduciary duty towards the plan, so ensuring your audit begins and ends on time is essential. The first step to a successful audit is avoiding the urge...
Sublease Accounting under ASC 842 Explained with an Example
What is a sublease? A sublease under ASC 842 is a transaction in which an underlying asset is re-leased by the original lessee to a third party, and the lease agreement between the two original parties remains in effect. The original lease is referred to as the “head...
How to Replace Excel as Your Lease Accounting Solution in Four Steps
Accountants often recall the stress of meeting early deadlines when new lease accounting standards were introduced, at the mere mention of “ASC 842”, “GASB 87”, or “lease accounting,”. For many, that meant turning to Excel—a tool they knew and trusted. It seemed...