Insights
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Insights


Back in the 1980s, in addition to fire and flood precautions, safeguarding company equipment and documents came down to a “key” to a door and/or to a file cabinet and maybe a “combination” to a safe or a vault. These days, the pervasiveness of technology-driven security cameras provides additional protection for us and our property.

In anticipation of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) becoming effective, now is a good time to discuss the potential impact of this new guidance from the Financial Accounting Standards Board (FASB) on accounting for operating leases for broker-dealers.