Lease Changes Under ASC 842: From Technical Guidance to Consistent Execution

Join Crunchafi for a technical webinar examining the lease changes most likely to create audit risk under ASC 842, including modifications, remeasurements, reassessments, related-party leases, and sale-leaseback transactions. We’ll break down how these changes affect measurement, disclosures, and audit documentation through practical examples designed for immediate application during busy season. Corey Wells, GM of Audit Workflow at Thomson Reuters, will join the session to share how firms are applying this guidance within their audit methodology to drive more consistent engagement execution. Walk away with practical approaches you can implement right away to reduce rework and keep engagement files consistent across teams. Alongside the technical guidance, this session explores how firms are building repeatable workflows around lease change management. You’ll also see a practical walkthrough of key lease accounting audit procedures in Crunchafi, aligned to the Thomson Reuters PPC audit methodology. By the end of this session, participants will be able to: • Identify common lease changes including modifications, remeasurements, and reassessments • Evaluate how lease changes affect measurement, disclosures, and audit documentation • Determine when lease modifications and reassessments trigger remeasurement • Apply practical approaches for managing lease changes in Crunchafi • Use the PPC Methodology Playbook to support efficient audit workflows