Course Description

Join FinQuery 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 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

• Identify 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
• Discover the new lease accounting disclosures to ensure you have access to this information

Prerequisites

• None

Who Should Attend

Accountants and finance professionals responsible for lease accounting. Individuals seeking to improve their understanding of lease accounting best practices Auditors seeking to sharpen their lease accounting expertise.