Nota del Editor de AECHILE
Se acompaña documento emitido por CAQ ( Center for Audit Quality ) y una introducción del mismo CAQ
Dear Friend of the CAQ:
The Center for Audit Quality (CAQ) has released a tool to help audit committees assess a company’s implementation of the new revenue recognition standard, which will take effect for many public companies on January 1, 2018.
With little more than a year before the standard takes effect, 17 percent of public companies report being in the implementation phase, according to a recent survey of executives by PwC and the Financial Executives Research Foundation. Seventy-five percent indicate that they are still assessing the impact of the new standard, while 8 percent report that their company has not begun assessment and implementation.
The CAQ’s Preparing for the New Revenue Recognition Standard tool is organized into four sections to provide audit committees information that may be helpful as they fulfill their oversight responsibilities and interact with management and external auditors on the subject.
Understanding the New Revenue Recognition Standard – What Is It?
Evaluating the Company’s Impact Assessment – How Will Revenue Recognition Change?
Evaluating the Implementation Project Plan – How Do We Need to Prepare?
Other Implementation Considerations – What Else Do We Need to Consider?
In addition to key questions for audit committees, the tool offers audit committees a list of certain resources on revenue recognition that have been developed by CAQ member firms and the American Institute of CPAs.
For more CAQ resources related to audit committees, visit the CAQ’s audit committee resources page.
Descargar PDF ( 305 kb)