Post-Transition Lease Audit Playbook
What companies need to know to prepare
- Potential obstacles encountered during the post-transition audit
- Which tools are preferred for lease accounting transition and audit
- How to work with auditors throughout the process
- Financial insights and efficiencies unlocked during the audit
Although the lease accounting transition deadline extension was likely welcomed in the wake of a global pandemic, deadlines are still on the horizon. Takeaways from this survey are two-fold, with lessons learned from public companies, as well as constructive advice for private and non-profit organizations preparing their transition to ASC 842 and IFRS 16.