As a Managing Director based in Washington DC, Michael Cahill is responsible for client service, specializing in New Accounting Standard Changes, SEC Financial Reporting, and Audit Readiness.
He has more than 16 years of experience in accounting and financial leadership roles with both public and private companies across a variety of industries including technology, healthcare, construction, consumer products, manufacturing and financial services.
Cahill joined Riveron in 2014. Prior to joining Riveron, he was Founder and Managing Partner of the accounting firm, the Cahill Group. Additionally, Michael has an extensive background in management roles for audit services during his tenure at BDO and Urish Popeck.
With FASB’s recent vote to extend the deadline for ASC 842 adoption, companies may have until January 2021 to comply with the new lease accounting standard. Riveron experts weigh in on why management teams should use this opportunity to critically access their readiness #leaseaccounting
Adopting ASC 842 is not simply a compliance exercise; it is an opportunity to take advantage of hidden benefits such as vendor rationalization and spend reduction.
The SEC has made it clear – a deferral of the effective date of ASC 842, Leases, is not happening. With that reality in mind and the effective date for calendar year-end public companies upon us, are you ready? Based on our extensive experience implementing the new lease guidance for companies of all sizes, these key readiness topics should be top of mind.