[thehenrytan]

Hello Mike,

First of all, thank you for the descriptive explanation above, that was very insightful. (I am suddenly very conscious as to how I am going to phrase my question)

I find that I struggle with coming up with the names of the document when questions ask for audit evidence. Obviously, I lack the working experience that I feel would help with my situation better.

Anyways, you mentioned listing for receivables. Can you tell me which other areas in the financial statements you would obtain a listing for, please? (when it comes to audit evidence). I can think of inventory and payables, correct me if I’m wrong.

[thehenrytan]

Alright, thanks so much James!

[thehenrytan]

What are the differences in disclosure requirements if it is an operating lease?

[thehenrytan]

Oh I thought the classification still exists for lessor accounting? I know they took it out completely for the lessee side. Correct me if I’m wrong?

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