Rev- Lock

Rev- Lock

From United States

3 Ways your Auditors Don't Know can Hurt You

Category: Education

by Rev- Lock

2020-07-10

14 Views

Revenue recognition has long been considered a high-risk area for auditors— for good reason—it’s among the leading causes of financial misstatement.

Auditors Examine Methodology, Implementation and Compliance

As companies adopt and implement the new standards under ASC 606, outside auditors are laser-focused on methodology, implementation and compliance. It’s essential to ensure your company’s plan for operationalizing the standards complies with the requirements as well as your auditor’s expectations .


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