Tackle Your Audit Like a Pro
Earlier this year, LeaseQuery conducted a survey of 240 accountants, analyzing the obstacles faced before, during, and after their first audit post-lease accounting transition. The results proved the first audit under the new lease accounting rules brings both issues and insights to accountants, with half of the companies reporting additional effort was needed. During this webinar, the LeaseQuery team dives into the data and details recently highlighted in the Post-Transition Lease Audit Playbook.
Recent Blogs
Materiality, Immateriality, and Material Misstatements in Accounting Explained
What is materiality in accounting? Materiality is the accounting concept that the more significant missing or incorrect information is to an entity, the larger impact the error or omission may have on the decision-making of users of the affected financial statements....
How to Replace Your Lease Accounting Solution
During many organizations’ initial implementation of the lease accounting standards, a software was selected to assist in crossing the finish line to compliance. If the selection of lease accounting software was frantic or last minute, you may not have had the...
There’s Still Time to Improve Your Lease Accounting
For many organizations, audit season is approaching. This means this is a great time to reassess your current processes and policies for lease accounting. Your organization may have only gone through one or a couple of audits after adopting ASC 842. Post-adoption, new...