ATLANTA–(Organization WIRE)–LeaseQuery, a major service provider of objective-constructed lease accounting software program to additional than 1,200 businesses, announced nowadays the completion of its Agreed-Upon Methods (AUP) engagement by a Big 4 public accounting firm.
The procedures bundled in LeaseQuery’s AUP engagement consist of:
- Certain eventualities examined in relation to the lease amortization desk
- The development of journal entries by the computer software
An AUP engagement is done in accordance with the American Institute of Licensed Community Accountants (AICPA) Attestation Standard. A capable CPA performs specific techniques and reports the results with no giving an feeling or conclusion. Mainly because the engagement celebration very best understands its personal wants, they agree to the strategies and admit their appropriateness for the intended purpose of the engagement. Intended consumers evaluate the strategies and conclusions documented by the CPA and attract their personal conclusions from the do the job performed.
This report is readily available to all probable and current buyers as a section of the company’s conventional due diligence apply.
“In our significantly advanced lease accounting atmosphere, there is an obvious will need for the knowledge of appropriate CPA practitioners in evolving subject matter matters,” said George Azih, CEO and founder of LeaseQuery. “By finishing our AUP engagement, LeaseQuery is able to offer you our purchasers an additional layer of assurance in trusting the benefit and compliance of the LeaseQuery option.”
As the unpredictability of today’s monetary natural environment continues, quite a few firms are reexamining how technologies can save time, revenue, and assets. Investing in a trustworthy lease accounting computer software that has been subject to an AUP engagement carried out by a Significant 4 business associated to selected accounting calculations and requirements including ASC 842, GASB 87 and IFRS 16 lays the groundwork firms require to reach mandatory compliance, improve audit processes, allow performance, and empower smarter fiscal choices. Come across out why a lot more than 10,000 accountants are using LeaseQuery’s system below.
LeaseQuery aids far more than 10,000 accountants and other finance specialists do away with lease accounting errors via its CPA-approved lease accounting software program. It is the to start with lease accounting application designed by accountants for accountants. By providing specialized consulting expert services in addition to its program remedy, LeaseQuery facilitates compliance with ASC 842, GASB 87 and IFRS 16—the most in depth regulatory reforms in 40 many years for businesses throughout all sectors.