Self-paced online course
ASC 842 & IFRS 16 Audit Prep Course
Get your lease accounting ready for audit: completeness, documentation, calculations, controls and the questions auditors ask under ASC 842 and IFRS 16.
Course curriculum
What auditors look for
Auditors test leases for completeness, accuracy and judgment. This lesson explains the audit approach to lease balances.
Completeness of the lease population
Missing leases are a common issue. You learn how to search for embedded and unrecorded leases.
Documentation and lease abstracts
Auditors want support for every input. This lesson covers lease abstracts and the evidence for each key term.
Calculations and roll-forwards
Numbers must tie. Learn to reconcile liabilities and ROU assets and prepare roll-forward schedules.
Judgments, policies and controls
Auditors examine key judgments. You learn to document discount rates, lease terms, practical expedients and controls.
Responding to auditors
Efficient responses save time. This lesson covers PBC lists, sample requests and closing out findings.
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
Who it’s for
- Controllers, accountants and lease administrators preparing for an audit of lease balances.
Price
$97
one-time payment
Enroll — $97Self-paced online course. After checkout, open it from My Courses using the account you checked out with.
Questions
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 do I get it?
Self-paced online course. After checkout, open it from My Courses using the account you checked out with.
What if it isn’t right for me?
Refunds are handled under our Refund & Returns Policy. Questions: contact us.
ASC 842 & IFRS 16 Audit Prep Course
Get your lease accounting ready for audit: completeness, documentation, calculations, controls and the questions auditors ask under ASC 842 and IFRS 16.
Enroll — $97