Don’t let new revenue recognition standard trip you up
$225.00
Description
Abstract: Most public companies are preparing to adopt the FASB’s new revenue recognition standard, which applies to annual reporting periods beginning after December 15, 2017. It’s critical for companies to evaluate whether the standard introduces new risks — including fraud risks — and, most likely, to update internal controls. This article looks at the principles-based judgments the new standard calls for that may lead to trouble.
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