Close
Close
ASC 842 deadline is here for private companies
ASC 842 increases transparency and comparability of financial information by recognizing lease assets and liabilities on the balance sheet and disclosing related lease information. Initial implementation of ASC 842 can be challenging and time consuming it is vital to establish a robust, easily repeatable and compliance-driven process to meet the requirements effectively, which will minimize the workload going forward and maximize the value of insights gained on your lease portfolio and practices. ASC 842 is now effective for fiscal years beginning after Dec. 15, 2021 for all non-public entities, so the clock is ticking. Grant Thornton is ready to help you start today.
AssessmentIcon plus black
Amidst ever-evolving regulations and expectations, it is important to proactively monitor your compliance and benchmark your privacy program. Our privacy compliance assessment can address GDPR, CCPA, ISO27701, LGPD, PIPEDA, PDPA and other regulations, while our privacy benchmarking can help gauge your ongoing progress.
Managed ServicesIcon plus black
Even the most advanced privacy program must be appropriately implemented and maintained in order to be effective. Our privacy program implementation, CCPA jump-start content packs and privacy managed services help bring your protection plan to life.
Icon plus black
Icon plus black
Icon plus black
AutomationIcon plus black
To be comprehensive and efficient, today’s privacy programs call upon automation. Our data classification automation and data retention operationalization services can streamline the difficult work of putting your plan into action. And our individual rights management automation and global privacy regulations tracking help ensure that your protection stays up-to-date.

Master ASC 842 with our self-serve Lease Playbook

From kick-off to preparing for your audit, our self-serve Lease Playbook walks you through ASC 842 adoption step by step, with direct links to the resources you need. Watch our short video to learn how you can adopt ASC 842 with ease.

As public companies move on to ongoing ASC 842 compliance issues, private companies begin their year one compliance challenge. Learn how your organization can move forward with confidence.