The Board recently issued an ASU that would clarify the scope of disclosure requirements in current U.S. GAAP related to investments in other investment companies.
The new guidance creates a new, principle-based revenue recognition framework that affects nearly every revenue-generating entity, including life sciences arrangements.
Think beyond financial reporting: Consider the impact on historical financial information, fair value measurements, revenue-based arrangements, risk or fraud.
Read about our related Advisory services:
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.
Read a detailed summary of a recent technical development or accounting pronouncement.
Check out our weekly update on announcements, meetings and proposals from accounting standards-setting bodies and industry regulators.
Read about the audit committee's oversight approach in this installment from our Audit Committee Guide series.
Jeffrey L. Burgess
National Managing Partner, Audit Services
Phone: +1 704 632 3940
Location: Charlotte, NC
See more at: http://www.grantthornton.com/services/audit-services