PCAOB alerts auditors to scrutinize revenue recognition
The PCAOB is putting auditors on notice to take a careful look at the work companies have done to implement the new revenue recognition standard.
Related articles
-
Article
Auditors tasked to study revenue readiness at year-end
Auditors are under clear orders from their regulators to show no mercy in their assessment of corporate transition to the new revenue recognition rules.
-
PremiumUK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
-
Basic PageFCA enforcement rising across sectors, experts at the Women in Compliance Summit say
Federal agencies, including the Department of Justice (DOJ) and Customs and Border Protection, are expected to significantly alter the enforcement scope of the False Claims Act to reflect the enforcement priorities of the Trump Administration, experts speaking at Compliance Week’s Women in Compliance Summit in Austin, Texas.