Real estate footprints are changing now more than ever. Right-sizing square footage and shifting locations sometimes trigger abandonment, impairment, or termination lease accounting rules.
As you kick off 2025, it's critical to set up the right controls and processes for identifying, abstracting, classifying, and properly accounting for your leases so every audit goes smoothly.
Data and technologies like AI are changing the way auditors work. With technology impacting every step of an audit, having a data-driven audit approach helps ensure the auditor focuses on the right things and addresses them appropriately.