ASC 842 Exposure Monitor for Retail Teams | Surfaice
Continuously validates lease data for missing options, incorrect terms, inconsistent dates, and incorrect discount rates. Flags material misstatements before audits.
Capabilities
- Validates lease data for missing renewal options and incorrect terms
- Detects inconsistent commencement and expiration dates
- Flags incorrect discount rates and present-value calculation errors
- Identifies material misstatements before financial audits
- Calculates Right-of-Use asset and lease liability exposure by location
- Monitors lease classification (operating vs. finance) compliance
Frequently asked questions
What does Lease Data Validation do in ASC 842 Exposure Monitor?
Scan all leases for missing fields, incorrect dates, and classification errors.
What does Discount Rate Audit do in ASC 842 Exposure Monitor?
Verify incremental borrowing rates and present-value calculations per ASC 842.
What does Material Misstatement Detection do in ASC 842 Exposure Monitor?
Flag lease data anomalies that could trigger audit adjustments.
What does Portfolio Exposure Report do in ASC 842 Exposure Monitor?
Calculate total ROU asset and lease liability exposure across all locations.