Your Guide 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. 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

On-Demand CPE Credit Eligibility Requirements

• Answer the 3 review questions presented throughout the webinar
• Complete the final assessment with a grade of 80% or higher
• You have 3 attempts to pass the final assessment and until May 2025 to complete it

If you meet all these criteria you will see a green check mark inside the CPE tool icon that indicates your CPE certificate is ready to be downloaded.

Prerequisites

• Basic understanding of lease accounting

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