Lease Accounting Audit Prep: Closing Out Your Year

Manage your audit process effectively before the clock strikes midnight The lease accounting standards have changed audit requirements for nearly everyone as we head into 2023. Before the clock strikes midnight on this year, it’s critical to understand the right controls and processes for identifying, abstracting, classifying, and properly accounting for your leases so every audit goes smoothly. Lease accounting experts review the elements of a successful lease accounting audit in 2023 and beyond. We will show you how the right lease accounting tools can help you close out your year and make sure you’re set up for long-term success. Viewers will:

• Review the key data elements required from every lease

• Understand which leases should be included to meet initial compliance and retrospective disclosure requirements

• Ensure completeness and accuracy

• Review which reports are critical in an audit

• Establish a process to ensure long-term compliance

• See the value of automation throughout lease accounting