Hear about the key features of ASC 606 and get practical insights into its application and impact.
Projects include simplifying the presentation of debt issuance costs, simplifying the measurement date for plan assets and simplifying the balance sheet classification of debt.
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.
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.
Raymond (Trent) Gazzaway
National Managing Partner, Audit Services
Location: Chicago, IL
Recent publications and video
The Audit Committee Handbook, Fifth Edition
Overseeing the internal audit (part of Audit Committee Guide series)
The audit committee and the external audit relationship video
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.
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