Recall the evidence needed to support lease disclosures and materiality judgments.
Disclosure objective What should lease disclosures help users assess? Amount, timing, uncertainty. The amount, timing, and uncertainty of cash flows arising from leases. Use this as the filter for what supporting evidence matters. Support file Schedule support versus judgment support Disclosures need both the table and the story behind uncertain cash flows. Objection We can write the lease disclosure after audit sends comments. The team has not gathered option and variable-payment support. Your line We can draft later, but the support has to exist now: maturity tie-out, option judgments, and variable payment drivers. Treating disclosure as wording rather than evidence.…
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