Unrecorded Leases
Find leases the register does not hold, from what the ledger pays for the use of assets.
- Ledger + lease register
How the result is read
A register can only be tested for completeness against something outside it. The ledger is that: a supplier paid month after month on rent, lease or hire accounts is paying for the use of an asset, and that is a lease until shown otherwise. The exemptions are the two ways it is not — a short-term lease of twelve months or less, and a lease of a low-value asset — and each leaves a trace in the figures: a hire paid in a single quarter, or a recurring payment too small to matter. Everything else the register should hold.
In the application
Unrecorded Leases is filed under Fixed assets & leases, index letter F. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under F, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required