1pm CST

Lease accounting is one of the most time-consuming, judgment-heavy areas in an audit, and it usually lives outside your workflow in a pile of spreadsheets. Jess Vento, Lease Accounting SME at Crunchafi, and Stuart Cobbe, Head of Product for Audit at Thomson Reuters, show how ASC 842 lease procedures can be automated inside a PPC-based audit workflow, from source contract to audit-ready workpaper. A short technical segment walks through how it works, with outputs returning to Engagement Manager for review and signoff. All without changing how you audit. Live Q&A included.

Learning objectives

After attending this session, participants will be able to:

1. Describe how ASC 842 lease procedures can be automated within the Guided Assurance workflow, from source contract through workpaper.
2. Recognize how automated lease outputs, including amortization schedules, journal entries, and footnote disclosures, support audit evidence and signoff.
3. Recognize how automating lease procedures enhances a firm's established audit methodology without replacing it.
4. Describe how lease automation fits a firm's current audit approach without adding a separate tool or process.