Data quality warning
A system-generated flag indicating that a lease or entity has missing or potentially incomplete data that affects the statutory note.
Definition
Data quality warnings are generated when the system detects that required information is missing or incomplete — for example, a lease without a completed calculation run, a missing discount rate rationale, or a lease without an asset class. They are flagged before the statutory note is generated so that issues can be resolved rather than silently producing an incomplete disclosure.
Why it matters
Producing a statutory note with incomplete data risks signing accounts that do not faithfully represent the lease position. Data quality warnings ensure the team is aware of gaps before the note is finalised.
In AuditLease
AuditLease generates data quality warnings at the top of the statutory note preview. Blocking warnings must be resolved before the note is marked ready for signing.
Related terms
Put this into practice with AuditLease
AuditLease handles IFRS 16 and FRS 102 lease calculations, statutory note generation, journal entries, and audit evidence — so your team spends less time on spreadsheets and more time on judgements.
This definition is for general information only and is not accounting or legal advice. Definitions are based on IFRS 16, FRS 102, and associated guidance published by the IFRS Foundation and the Financial Reporting Council. Users should refer to the applicable accounting standards and their professional advisers for judgement-specific matters.