All the changes in the lease accounting standards have created new audit requirements for nearly everyone. As you kick off 2025, 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 form LeaseAccelerator and EZLease will do a deep dive into the elements of a successful lease accounting audit this time and in the coming years. Learn how the right information and lease accounting tools can make your audit easier.
Learning Objectives:
- The key data elements required for 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
