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VERSION:2.0
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BEGIN:VEVENT
UID:243245imp
DTSTAMP:20260406T030747Z
DTSTART:20261112T160000Z
DTEND:20261112T193000Z
LOCATION: Your Desk
SUMMARY: Revenue Recognition for Private Entities WEBCAST
DESCRIPTION: Revenue involves significant risks that warrant special consideration during audits. The Financial Accounting Standards Board has issued a new standard&mdash\;Revenue from Contracts with Customers that replaces most industry-specific revenue recognition requirements in US GAAP. A new principles-based\, five-step revenue recognition model now applies. Recent disclosures of qualitative and quantitative information\, significant judgments\, and changes in judgments are also required. New systems\, processes\, and controls may be needed. Poor design or implementation may pose heightened risks of material misstatement\, including those due to fraud.
CLASS:PUBLIC
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