Auditing Revenue in Certain Industries -- AICPA Audit Guide [Subscription]

Revenue recognition continues to pose significant audit risk to auditors and has contributed to perceived erosion in the integrity of the financial reporting process.

This publication assists auditors in fulfilling their professional responsibilities with regard to auditing assertions about revenue. Find:

• Discussions on responsibilities of management, boards of directors, and audit committees for reliable financial reporting.
• Summaries on key accounting guidance regarding whether and when revenue should be recognized in accordance with generally accepted accounting principles (GAAP) or generally accepted auditing standards (GAAS).
• Circumstances and transactions that may signal improper revenue recognition.
• Procedures that the auditor may find effective in limiting audit risk arising from improper revenue recognition.

CD-ROM Subscription > reSOURCE: AICPA's Accounting and Auditing Literature on CD-ROM
Your 1-year subscription includes up to three update discs. Multi-user subscriptions are available for this title; please call 888-777-7077 for more information.

Online Subscription > AICPA RESOURCE: Accounting & Auditing Literature
Your subscription includes content updates and unlimited online access for 1 year. AICPA RESOURCE: Accounting & Auditing Literature - your core accounting and auditing library online - is now customizable to suit your preferences, or your organization's needs. Click here for more information.