LeaseCrunch® Announces New Agreed-Upon Procedure Report: Calculations Evaluated and Tested

September 26, 2019 at 2:31 PM / by Ane Ohm posted in LeaseCrunch®, New Lease Standard, Technology

As discussion and concern around implementing the new lease standard increased this year, there was much to be said about the readiness (or lack thereof) of lease accounting software solutions. In fact, this may have been a contributing factor in the FASB’s likely implementation delay for private companies.

The importance of accuracy when implementing the new lease standard is critical, so we absolutely understand the unease—particularly since we know all the risks associated with using spreadsheets. That’s why it was so important to us at LeaseCrunch® to go above and beyond to have a third party evaluate and test the inputs, calculations, and reporting outputs of our software, with our Agreed Upon Procedures report.

Read More