Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- 2025 post-implementation review report
- Relevant parts
- PIR highlights and detailed report; especially application challenges, investor-useful disclosures, and next steps
- Currency
- current · checked Aug 8, 2026
The PIR reports that Topic 842 generally achieved its information objective, while lessees incurred higher-than-expected system and process costs. It names rate, measurement, related parties, modifications, embedded leases, sale-leasebacks, and component allocation among the difficult application areas. That evidence informs teaching order and control design, not GAAP.