New lease standard for non-public entities focuses on related parties On Monday, March 27, 2023, the Financial Accounting Standards Board (the “FASB” or the “Board”) issued its first Accounting Standards Update (“ASU”) of the year, ASU 2023-01 Leases (Topic 842): Common Control Arrangements. The new standard provides non-public entities additional guidance around leases with related … Continue reading FASB Issues Guidance on Common Control Leases