- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Even after calendar-yer companies have filed their first-quarter reports reflecting a new way to recognize revenue, work continues to adapt to the new rules.
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While most public companies have yet to complete a full year of reporting under new revenue recognition rules, some are already finding reasons to restate.
As calendar-year companies approach their year-end close, audit firms are prepping teams for the big issues they need to scrutinize closely in their 2018 year-end audits.
Whatever public companies have disclosed about revenue recognition so far, regulatory reaction after two quarterly filings would suggest they should plan to say more.
