Crunchafi

Lease Changes Under ASC 842: From Technical Guidance to Consistent Execution

The February 24, 2026 webinar titled "Lease Changes Under ASC 842: From Technical Guidance to Consistent Execution," led by Corey Wells of Thomson Reuters, provides CPAs and accounting professionals with practical strategies and audit procedures for managing lease modifications, remeasurements, reassessments, related-party leases, and sale-leaseback transactions under ASC 842, emphasizing consistent engagement execution, efficient workflows using Crunchafi and the PPC audit methodology, and offers 1.0 CPE credit in accounting.

Lease Changes Under ASC 842: From Technical Guidance to Consistent Execution

Date: February 24, 2026
Time: 1:00 pm CT

This technical webinar examines the lease changes most likely to create audit risk under ASC 842, including modifications, remeasurements, reassessments, related-party leases, and sale-leaseback transactions. The session breaks down how these changes affect measurement, disclosures, and audit documentation through practical examples designed for immediate application during busy season.

Corey Wells, GM of Audit Workflow at Thomson Reuters, will share how firms are applying this guidance within their audit methodology to drive more consistent engagement execution.

Key Takeaways:

  • Practical approaches to reduce rework and keep engagement files consistent across teams
  • Exploration of how firms are building repeatable workflows around lease change management
  • Practical walkthrough of key lease accounting audit procedures in Crunchafi, aligned to the Thomson Reuters PPC audit methodology

Learning Objectives:

By the end of this session, participants will be able to:

  • Identify common lease changes including modifications, remeasurements, and reassessments
  • Evaluate how lease changes affect measurement, disclosures, and audit documentation
  • Determine when lease modifications and reassessments trigger remeasurement
  • Apply practical approaches for managing lease changes in Crunchafi
  • Use the PPC Methodology Playbook to support efficient audit workflows

CPE Information:

  • Participants will earn 1.0 CPE Credit
  • Field of Study: Accounting
  • To be awarded full credits, you must respond to three out of the four polling questions asked during the program.

Program Details:

  • Program Level: Basic
  • Prerequisites: None
  • Advanced Preparation: None required
  • Field of Study: Auditing
  • Instructional Method: Group Internet-Based
  • CPE Credit: 1.0
  • Who Should Attend: CPAs, accounting professionals, financial analysts, and advisors responsible for lease accounting or client advisory services.
  • Refunds and Cancellations: No fee to attend

For more information regarding refund, concerns, and/or program cancellation policies, please contact 414-626-6685.

Crunchafi is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.