LEASE-ACCOUNTING5 MIN READ
Close-Week Control Walk for New Leases
Select close controls that address lease population completeness and judgment review.
The perfect rollforward The register ties, but new vans are operating before Finance has a contract. A perfect rollforward can still exclude the newest lease. COSO control activity Completeness -> Accuracy -> Review Each control should address a specific reporting risk. Shortcut Tie the register and stop Close catches both missing contracts and wrong measurements. A control is only strong if it catches the error it was designed for. 01 Completeness 02 Accuracy 03 Review 04 Try
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