Author Archives: Jonas Heese

Variable Leases under ASC 842: First Evidence on Properties and Consequences 

By | December 13, 2022
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The new lease accounting standard ASU 2016-02, Lease (Topic 842), codified as ASC 842, requires firms to recognize both finance and operating leases on their balance sheets. However, the Financial Accounting Standards Board (FASB) made an exception for leases with variable payments, which can still be kept off-balance-sheet, affecting a sizable portion of total lease… Read More »

Does Industry Employment of Active Regulators Weaken Oversight?

By | January 31, 2022
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Industry employment of active regulators has long raised the concern that it weakens oversight, as regulators might receive financial compensation from firms in exchange for reduced oversight. In response, most public regulators have implemented policies that require regulators to resign from industry employment upon taking office, effectively prohibiting industry employment for active regulators. In contrast,… Read More »