June 13, 2022


4 Total CPE Credits


Leases-Private Company Implementation

Learning Objectives

  • Relevant considerations regarding the implementation of the new standard in upcoming audits and review
  • Evaluating whether leases have been recorded in conformity with the applicable financial reporting framework
  • Auditing transition adjustments and disclosures
  • Considering internal control over financial reporting
  • Identifying and assessing fraud risks
  • Evaluating whether the financial statements include the required disclosures regarding leasing transactions
  • Determine the impact on ratios and financial relationships that will be impacted by the new standard.

Major Topics

  • Analysis of requirements for lease accounting under ASC 842, including detailed schedules showing journal entries and computations
  • Analysis of internal control and fraud risk aspects
  • Identification of high-risk areas of lease accounting and reporting
  • Suggested audit and review procedures for identified risks

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course



Advanced Preparation


Intended Audience

Accountants and auditors will be able to adequately plan their audit and review engagements regarding the appropriate procedures to be performed to determine their clients' compliance with the applicable requirements regarding the adoption of the Lease standard. Internal Accountants will be able to better understand the requirements to implement the Lease standard for their company.


California Society of CPAs

This event has ended.