A critical audit matter is any matter arising from a financial statement audit that was required to be communicated to the company's audit committee, was material to the financial statements, and involved especially challenging, subjective, or complex auditor judgment.
SEC filings reveal that lease accounting disclosures have not been exempt from critical audit matters. In this webinar, our speakers discuss trends in lease accounting critical audit matters. Topics include problems and solutions regarding lease accounting impairment, fair market value, and incremental borrowing rate critical audit matters.
The best critical audit matter is one that is avoided entirely! Our panel offers leading practices to make lease accounting less challenging, subjective, and complex.
