The 2022 Global Lease Accounting Survey by EY and LeaseAccelerator highlights ongoing challenges and optimization opportunities in ASC 842 and IFRS 16 compliance. Many organizations still lack ERP integration, centralized lease processes, and timely asset returns, impacting ROI. Manual processes, inadequate software, and limited automation persist, with only 20% seeing clear ROI from lease accounting systems. US public companies face audit challenges post-adoption, while many US private companies are in early compliance stages, often without full integration or automation. The report emphasizes centralization, outsourcing, process re-evaluation, and end-to-end automation to improve efficiency, reduce risk, and achieve sustainable compliance.

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