Your Final Countdown to Audit Readiness

Course Description

Join LeaseQuery for a presentation focused on steps private companies (and their auditors) can take to prepare for a smooth and efficient audit of their lease accounting under ASC 842. We will discuss strategies for each phase of the audit cycle – planning, assessing risks, testing, and reporting. These planning efforts will help to reduce surprises later. With year-end rapidly approaching, taking steps now to understand the risks associated with lease accounting and identifying and establishing controls to mitigate those risks will promote a successful audit.

Learning Objectives

• Understand the importance of meeting with your auditors
• Recognize the principal risks and mitigating controls associated with lease accounting
• Review key lease accounting policies and confirm your accuracy
• Summarize the new lease accounting disclosures to ensure you have access to this information

Prerequisites

• None

Who Should Attend

Accounting and finance professionals with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.

Advanced Preparation

None

Presenters