- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Research shows that many companies have yet to fully wrap their arms around the new regulations affecting revenue recognition. To complicate the issue, the 700-page document of new accounting rules contains uncertainties that require compliance officers to be on point with their game.
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Image: Companies are starting to awaken to yet another wrinkle in the new revenue recognition standard: how it will affect the sale of non-financial assets, such as when you sell off an old property or intangible asset. “If you’re not in the real estate business, you don’t think of the ...
Image: Don’t let your accounting department get too excited with that additional year FASB has granted to adopt the new standard for revenue recognition. Experts helping companies’ implementation efforts say that extra time is much needed, with plenty of questions about the standard remaining unanswered. And don’t forget, “half of ...
A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.
