Preparing for Lease Accounting Audits

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 review 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. Attendees will:

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

• Gather the required information to ensure completeness and accuracy

• Review which reports are critical in an audit

• Create a process to manage ongoing accuracy of the data, including any new leases or changes to leases