Process
From scoping call to findings memo
A clear sequence for lease portfolio audits and related readiness work—so controllers know what happens each week and what we need from operations.
This page maps the flagship Lease Portfolio Audit. Classification reviews and disclosure readiness checks use a shorter path; renewal follow-ups reuse your prior working papers.
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Scoping and calendar lock
We meet your controller or reporting lead to map entities, systems, reporting deadlines, and whether fieldwork is on-site in Taichung or remote. You leave with a draft timeline and a document request list.
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Population extract and risk map
Your team provides the lease inventory and supporting extracts. We assess completeness risk—vendor spend, property registers, and known side agreements—and set sampling sizes by portfolio segment.
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Fieldwork: contracts, rates, and inquiries
We read selected contracts, test classification and measurement support, and inquire with property or fleet owners where the paper trail is thin. Discount-rate support is reviewed against your documented hierarchy.
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Draft findings and management discussion
You receive a draft memo with exceptions, recommended adjustments, and disclosure gaps. We walk the list with finance so responses and remediation owners are clear before the final version.
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Final memo and remittance list
The signed findings package includes the prioritized remittance list for journals and note updates. On request, we join a short call with your statutory auditor to explain sampling and judgments.
What we ask you to prepare
- Current lease inventory with commencement, term, and payment fields
- Signed contracts for the sample (plus side letters and renewals)
- Discount-rate worksheets and bank indication support where used
- Prior-period lease note and roll-forward schedules
- A named contact in operations for warehouse, fleet, or property questions
Typical calendar
Three to six weeks for a mid-sized Taiwanese group with one or two reporting entities. Larger multi-entity portfolios need a phased plan; we stage fieldwork by entity so disclosure drafts can move without waiting for every subsidiary.