It’s easy to become vexed by the new standards and overwhelmed at how to comply. But it can be quite simple—even as simple as depreciating a fixed asset. With the right software that manages seamless billing processes all the way through revenue recognition, businesses can ease compliance with ASC 606.
A little-known new professional standard speaks to accountants’ responsibilities when they uncover client noncompliance with laws and regs. Audit Conduct’s Cathy Allen unpacks the details.
The Internal Revenue Service’s Large Business and International division is launching 11 more compliance campaigns looking at various ways to ensure companies are meeting their tax obligations.
