Preparing for the New Audit

Learn the elements to a successful lease accounting audit All the changes in the lease accounting standards have created new audit requirements for nearly everyone. It is critical to set up the right controls and processes for identifying, abstracting, classifying, and properly accounting for your leases so every audit goes smoothly. Lease accounting experts from EZLease and BakerTilly dive into the elements of a successful lease accounting audit this time and in the coming years. We will show you how the right information and lease accounting tools can make your audit easier. Viewers will:

• Review key data elements are required from every lease

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

• Gather the required information to ensure completeness and accuracy

• Decide 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