Cloudscaleapps
We audit right-of-use assets, lease liabilities, and disclosure packs for companies reporting under HKFRS 16 and IFRS 16 across Hong Kong.
When rent tables, discount rates, and modification memos refuse to reconcile, Cloudscaleapps steps in as an independent lease accounting audit team. We work from Connaught Road Central with finance leads who need a clear findings file before the auditor’s second request list arrives.
A full lease accounting audit that traces each material lease from commencement through the current reporting date.
We examine classification judgements, incremental borrowing rates, payment calendars, residual value guarantees, and the journals that feed your statement of financial position.
Specific comments from recent lease accounting audit and readiness work in Hong Kong.
They caught a discount-rate roll-forward we had copied forward for three quarters. The adjustment was uncomfortable, but it arrived before our statutory auditors asked the same question.
The readiness review felt slower in week one than I wanted, mainly because they insisted on original lease PDFs. By week three the register finally matched the trial balance.
Tell us how many property and equipment leases sit on the register and which framework you report under. We will propose a scoping call within two business days.
Contact the Central office
