Revenue is highly susceptible to financial misstatement, so auditors give it special attention. It will get even more scrutiny as the new revenue recognition standard goes into effect in 2018 for public companies and 2019 for others. Auditors customize their procedures to unearth improper revenue recognition tactics. For example, they may target such issues as contracts, principal-agent relationships and cutoffs. Contact us to help ensure your company has in place updated, effective revenue recognition policies, procedures and controls.
