Implementation of Topic 606 (Revenue from Contracts with Customers) was a big effort for our profession the past couple of years. However, our journey through revenue recognition is not over. Join Candy Wright, a leader in the profession, as she shares her best tips on auditing revenue recognition. Mike Cheng, a former FASB staff member, will share his thoughts on common pitfalls when applying Topic 606.
Determine key revenue recognition issues identified in the Peer Review process.
Identify best practices or tips for auditing revenue recognition under Topic 606.
Prepare for common pitfalls when applying Topic 606.