5 Lease Accounting Mistakes That Trigger Audit Findings (And How to Avoid Them)

Lease accounting compliance under ASC 842 and IFRS 16 is no longer a one-time implementation project. Years into adoption, auditors are scrutinizing lease portfolios more closely than ever, with Public Company Accounting Oversight Board (PCAOB) data showing audit deficiencies rising from 29% in 2020 to a projected 40% today. For Controllers and CFOs managing complex lease portfolios, understanding where compliance breaks down is the first step to staying ahead of findings. Join our webinar to see how the most common lease accounting errors follow predictable patterns, and why most are preventable with the right processes and tools in place. From incomplete lease inventories and classification errors to discount rate miscalculations and inadequate disclosures, fragmented manual processes are the root cause in nearly every case. This session walks through the five most frequent ASC 842 compliance failures and the practical controls that eliminate them. Key Takeaways:

• How to identify embedded leases and close gaps in your lease inventory before auditors find them

• Where lease classification and discount rate errors originate, and how to apply consistent, defensible logic across your portfolio

• Why lease modifications are the most commonly mishandled compliance event and how to build a reliable tracking process

• What disclosure gaps signal to auditors, and how to generate audit-ready disclosure packages directly from source data