Among the first to publish financial statements containing expanded auditor disclosures, Microsoft’s auditor, Deloitte, says it dealt with two issues as it audited the company’s financial statements.
Deloitte says its work auditing the company’s recognition of revenue met the definition of a critical audit matter under a new auditing standard, as did its work auditing the company’s uncertain tax positions. Deloitte provides an explanation of why those areas were identified as critical areas of the audit and how it addressed them.
