Posts Tagged ‘Revenue Recognition’

Software Sector & New Revenue Standard

Revenue

Today’s post is for all you financial reporting executives out there: a special report on the software sector, and its efforts to prepare for the new revenue recognition standard that’s coming to a balance sheet near you by December. Efforts to prepare, or sometimes the lack thereof. The report, a joint project between Radical Compliance…

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Lessons Galore in New SEC Internal Control Case

internal control

The SEC fined defense contractor L-3 Technologies $1.6 million this week for poor accounting controls. The penalty might be small money, but we don’t often see a “pure” books-and-records enforcement action, so compliance officers would do well to examine the lessons learned here. The failures happened as part of a contract L-3 had with the…

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Going Nuts Over Contract Management Systems

Perhaps other people—ne’er-do-wells and losers, obviously—think that contract management is boring. Well, that’s not the case here at Radical Compliance, so we were delighted earlier today to see a quick essay on subject posted on LinkedIn. Let’s get into it. The post was written by Martin Lønstrup, senior legal adviser at Maersk Oil in Houston.…

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Six Compliance Events to Watch in 2016

Welcome back to the grind, everyone! Before we all get sucked back into the world of audit committee meetings, proxy season preparation, and committing your travel budget now before the CFO implements a freeze, let’s pause to contemplate some potentially significant events in 2016 for compliance, audit, and risk professionals. Lord knows we have plenty…

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