LeaseQuery Announces Completion of Annual Agreed-Upon Procedures Engagement on LeaseQuery Calculations

by | Feb 8, 2022

ATL-based LeaseQuery expanded product offerings, resources, client roster exponentially in the past year

ATLANTA – February 8, 2022LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the completion of its Agreed-Upon Procedures (AUP) engagement by a Big 4 public accounting firm.

The procedures included in LeaseQuery’s AUP engagement include:

  • The recalculation of lease amortization schedules for specific scenarios
  • The review and testing of system-generated journal entries for the same specified scenarios

An AUP engagement is performed in accordance with the American Institute of Certified Public Accountants (AICPA) Attestation Standard. A qualified CPA performs specific procedures and reports the findings without providing an opinion or conclusion. Because the engaging party best understands its own needs, they agree to the procedures and acknowledge their appropriateness for the intended purpose of the engagement. Intended users assess the procedures and findings reported by the CPA and draw their own conclusions from the work performed.

This report is available to all potential and current LeaseQuery customers and their auditors.

“Committing to an AUP engagement such as ours, in an increasingly complex accounting environment, gives our clients insight into the processes in place around LeaseQuery’s evolving solution,” said Jennifer Booth, VP of Accounting LeaseQuery. “With accountability and customer commitment at the forefront of our core values, with the completion of our AUP engagement, LeaseQuery offers our clients another layer of assurance in trusting the value and compliance of the LeaseQuery solution.”

As the unpredictability of today’s financial environment continues, many companies are reexamining how technology can save time, money, and resources. Investing in a trusted accounting solution that has been subject to an AUP engagement performed by a Big 4 firm related to certain accounting calculations and standards under FASB, GASB and IASB builds the foundation businesses need to achieve mandatory compliance, improve audit processes, enable efficiency, and empower smarter financial decisions. Find out why more than 28,000 financial professionals are using LeaseQuery’s platform here.

About LeaseQuery

LeaseQuery makes accountants’ lives easier by simplifying the complex with technology. More than 28,000 financial professionals globally rely on our cloud-based, CPA-approved solutions and in-house accounting expertise to comply with confidence across various FASB, GASB and IASB accounting standards. Our software helps businesses minimize risk, increase efficiency and reduce costs. Learn more about LeaseQuery’s core accounting solutions, which focus on easing mandatory compliance under ASC, IFRS and GASB regulations, or explore additional accounting tools. For more information, visit LeaseQuery.com.

Additional Resources

 

Lease Accounting Guide

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