This session an overview of the framework for revenue recognition. In addition, understanding the changes and new requirements is critical to forensic professionals evaluation of transactions. In addition, this session will provide an understanding of how the new guidance may impact the nature and scope of forensic investigative procedures as a result of new criteria for recognizing revenue and changes in disclosure requirements.
Learning Objectives: 1. Understand the new revenue recognition standard and core principals. 2. Identify areas of heightened risk/judgements that will need to be considered by forensic professionals. 3. Discuss likely trends in investigative techniques related to changes in the new revenue recognition standard.