Get your lease accounting ready for audit: completeness, documentation, calculations, controls and the questions auditors ask under ASC 842 and IFRS 16.
Who this course is for
Controllers, accountants and lease administrators preparing for an audit of lease balances.
What you’ll be able to do
- Prove the completeness of your lease population
- Assemble documentation auditors expect
- Tie out lease calculations and roll-forwards
- Document key judgments and controls
- Respond to auditor requests efficiently
Course curriculum
Module 1: What auditors look for
Auditors test leases for completeness, accuracy and judgment. This lesson explains the audit approach to lease balances.
Module 2: Completeness of the lease population
Missing leases are a common issue. You learn how to search for embedded and unrecorded leases.
Module 3: Documentation and lease abstracts
Auditors want support for every input. This lesson covers lease abstracts and the evidence for each key term.
Module 4: Calculations and roll-forwards
Numbers must tie. Learn to reconcile liabilities and ROU assets and prepare roll-forward schedules.
Module 5: Judgments, policies and controls
Auditors examine key judgments. You learn to document discount rates, lease terms, practical expedients and controls.
Module 6: Responding to auditors
Efficient responses save time. This lesson covers PBC lists, sample requests and closing out findings.
How it works
Self-paced online course. Lifetime access. Work through the modules in order, apply the checklists on real jobs, and finish with a Certificate of Completion.
FAQ
Is this a license or certification? No. This is skills training. You receive a Certificate of Completion. Licensing requirements vary by state and trade — always verify your local requirements.
Is this accounting or audit advice? No. This is skills training. How the standards apply to your entity depends on your facts, so confirm your positions with your controller and external auditor.
How long do I have access? Lifetime access, including updates.
What if it’s not for me? Contact support within 14 days of purchase.