Lease Accounting: Tips For an Easier Audit

Hear the tips for a successful audit All the changes in the lease accounting standards have created new audit requirements for nearly everyone. It’s critical to set up the right controls and processes for identifying, abstracting, classifying and properly accounting for your leases so every audit goes smoothly. Leasing specialists from EZLease and WhitleyPenn will do a deep dive into the elements of a successful lease accounting audit this time and for the coming years. We will show you how the right information and lease accounting tools can make your audit easier. Learning objectives:

• What key data elements are required from every lease

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

• How to gather the required information to ensure completeness and accuracy

• Which reports are critical in an audit

• Why you need to create a process to manage ongoing accuracy of the data, including any new leases or changes to leases