- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Auditors are under clear orders from their regulators to show no mercy in their assessment of corporate transition to the new revenue recognition rules.
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Early adopters of the new revenue standard are big companies with little change to their reported revenue numbers, but more substantial change to disclosures.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
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