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Video tutorial: Mastering the lease file checklist

[Music] I wanted to kind of lay the groundwork here for audit Readiness and when I think about the amortization schedule for leases every single number should be able to be substantiated and some of that may come directly from the lease maybe lease payments but a lot of that is coming from outside of the lease so I know it sounds crazy but the possession date sometimes that is not in the lease at all they may have a Target possession date but that doesnt actually mean that youve gotten the keys to the castle at that point in time so you want to be able to evidence when youre ging a access to an asset is it a landlord letter do you have an internal email saying yep got the keys today were good to go or do you have maybe its a piece of manufacturing equipment and you can evidence when that asset went into use but depending on the asset you may have different types of support and then another one to is Le term and I actually think this is one of the biggest uh assumptions because whe

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