Regulatory Concerns - Revenue Recognition

This series of short live streamed modules will focus on topical issues of concern for the regulators, this module looking at revenue recognition.

Revenue recognition is a common area of weakness flagged by audit monitoring bodies and also Mercia’s file reviews, with issues concerning both client’s selection and application of appropriate policies and the audit work around these.

This course will focus on: 

• A reminder of the relevant accounting requirements
• What regulators are saying regarding revenue recognition
• Common weaknesses found on Mercia reviews
• Practical tips to overcome these