Several changes are afoot in the world of revenue recognition, but many companies are not as prepared as they need to be. This e-Book, produced by Compliance Week in cooperation with Baker Tilly, discusses in-depth what major regulatory changes are coming down the pike and how organizations can prepare accordingly.
Included in this e-Book is valuable insight from the SEC Office of the Chief Accountant, as well as a comprehensive guide produced by Baker Tilly on how to effectively scrutinize internal controls over financial reporting beyond what most organizations are currently doing. This e-Book will also provide important insight into how auditors plan to scrutinize the impending switch to new revenue recognition accounting and how they can better safeguard their independence, taking into consideration guidance produced by the Institute of Internal Auditors.
But revenue recognition is not all that companies have to think about; this e-Book also discusses the new disclosure requirements that come along with revenue recognition; how banks are preparing for expected credit loss rules; and how to ensure overall that organizations are as best prepared as they possibly can be for these new regulatory changes.
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