“They caught three embedded warehouse arrangements our register had never listed. The findings memo was specific enough that our statutory auditor could reuse the sampling without starting over.”
Client stories
What finance teams say after fieldwork
Short reflections from controllers and reporting leads who commissioned lease accounting audits and related reviews. Each note names a concrete engagement.
“The classification review took longer than we hoped because two landlord side letters arrived late, but the memos on those borderline contracts saved us from rewriting the lease note twice.”
“We only booked the disclosure readiness check five days before the board pack. They returned an annotated draft with a short punch list—nothing flashy, just the gaps that would have stalled the filing.”
“Follow-up visits keep our renewal log honest. After the first portfolio audit we were careful for a quarter, then modifications piled up; the second engagement reset the ledger before year-end pressure hit.”
Extended story: logistics group, central Taiwan
A regional logistics company approached us six weeks before year-end. Their lease register listed office and truck leases cleanly, yet warehouse spend sat in a facilities cost center with no IFRS 16 tags. During the Lease Portfolio Audit we traced exclusive dock access clauses in three multi-year service agreements and brought them into the population.
Measurement differences were modest; the disclosure impact was not. Maturity tables and the related-party narrative needed rewriting. We delivered the findings memo with sampling papers the statutory auditor reused, which shortened their lease walkthrough by a full day. The controller’s reservation: next year they want the population freeze earlier so operations is not answering contract questions during peak shipping weeks.
Extended story: manufacturing subsidiary renewals
After an initial portfolio audit, a manufacturing finance manager booked Renewal-Period Follow-Up when plant leases rolled with square-footage expansions. Two expansions were separate leases; one rent holiday was a modification. Journals posted before our visit had mixed the treatments.
We corrected the path with a short update memo and left a change-log template the team still uses. They noted that gathering landlord side letters still takes longer than anyone budgets—something we now flag in every kickoff call.