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The FASB's revised standard on leases, ASC 8 4 2 , was effective for public companies beginning 2 0 1 8 . One significant implication

The FASB's revised standard on leases, ASC 842, was effective for public companies beginning 2018. One significant implication of this standard is that operating leases that were previously kept off the balance sheet are now required to be recorded on the balance sheet. Do you agree with the FASB's decision to move operating leases to the balance sheet? How does this change affect audit procedures?

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