Ask the Expert: Lease payments linked to CPI and AASB 16

A business has a 30-year lease (starting at $1,000 per month) which increases at the end of every 3rd year based on the CPI (assume the CPI index started at 100 and was 102, 105 and 107 at the end of the 1st, 2nd and 3rd years).

David Holland, National Head of Technical Accounting looks at businesses with lease payments linked to CPI and AASB 16.

Top 10 takeaways from International Secondment

Mncedisi (Disi) Ndlovu is a senior external auditor at Moore Stephen's WA firm. He is originally from Zimbabwe and migrated to Australia in 2009. He commenced his audit career in 2013, and joined Moore Stephens in 2016. 

An avid traveller, he expressed interest in the Moore Stephens secondment program to broaden his experience, not only within the audit profession, but also to gain general life experience.

Through our international network of member firms, he was able to obtain a 6 month position at a firm in New York, New York.

The following is a list of key takeaways from his experience.