Hear about the key features of ASC 606 and get practical insights into its application and impact.
At its Sept. 3 meeting, the FASB continued its redeliberations on the proposed ASU "Financial Instruments - Credit Losses."
The FASB and the IASB have issued their converged standard on revenue recognition, with a principle-based framework that will affect nearly every revenue-generating entity.
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Service Organization Attestation Reports
Grant Thornton understands how important audited financial statements are to businesses, shareholders/owners, lenders, investors and other stakeholders. We work with some of the country’s most successful private and public companies. Our approach is to first understand the business and the risks it faces, and then to focus our efforts where they matter most. This method is effective and cost-efficient.
Ultimately, we see our audit as more than numbers and compliance. We work with clients to improve their overall financial reporting processes and to help them better understand their business. We also consider it our job to continually inform our clients about accounting, financial and regulatory developments that may affect their business.
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Read about the audit committee's oversight approach in this installment from our Audit Committee Guide series.
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