February 2017
After many years of debate, the FASB has issued the Accounting Standards Update, Leases, (Topic 842) in order to increase transparency and comparability by recognizing leases as a lease asset and a lease liability on the balance sheet. To help you better understand the impact of this standard on mortgage banking companies, our industry experts at Richey May have published the following white paper:
Some of these items predate Richey May’s restructuring to an alternative practice structure. Richey May is no longer a CPA firm. All Attest services are provided by Richey, May & Co., LLP.
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