Assurance Services • Published 4/10/2020 FASB Staff Q&A: Accounting for Lease Concessions Due to COVID-19

Last updated on 4/10/2020

On April 10, 2020, the Financial Accounting Standards Board (FASB) staff issued a Q&A document related to lease concessions that may be occurring related to COVID-19. Should your company be experiencing payment forgiveness or deferral of payments, you may find the attached Q&A helpful in navigating the lease accounting guidance and assessing the impact of COVID-19 on your leases (either under Topic 842 or Topic 840). Please reach out to us if we can be of assistance.

View the FASB Staff Q&A