Stock Prices Plunge by an Average of 10% Around Revenue Recognition Restatements
Revenue recognition restatements wipe out on average 10% of a company’s market value according to a new study by Audit Analytics. The study measured market reaction from 50 days before until 50 days after the announcement.

Revenue Recognition Restatements Increase 42% as Basic Accounting Errors Plague Reporting
Revenue recognition restatements increased 42% from 2002 to 2006 leading to a lot of speculation about the underlying causes. With all the hype about Sarbanes-Oxley, increased auditor scrutiny, and complex guidelines it is surprising to learn that mundane internal errors were the leading cause.

New Online Tool Gauges Revenue Reporting Risks
Are there hidden risks lurking in your revenue reporting process? This new online tool will guide you through a step by step assessment of all the revenue related activities in your business. It generates a completely customized, comprehensive report that highlights key issues, provides recommendations, and explains what increases your risk and why. As a result you will:

• Get an enterprise view of revenue reporting
• Expose previously hidden weaknesses
• Reduce the potential for errors and compliance issues

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Need Answers to Your Revenue Recognition Issues?
Join today and tap into the wealth of expertise our user community has to offer. You’ll have the opportunity to exchange ideas with experts from corporate finance; leading accounting, auditing, and consulting firms; as well as regulatory agencies.

Recent discussions:

• Working with Sales Does anyone have any advice on how to control and motivate a sales force to standardize their support for fair value? 17 replies
• IASB and GAAP What are the most significant differences between GAAP and the International Accounting Standards, where is that headed? 8 replies
• VSOE and FMV Could someone spend a moment on the difference between VSOE and fair value and when one might apply versus the other? 6 replies

The Revenue Recognition Challenge
As seen in CFO Magazine and recommended by SoftwareCEO.com, The Revenue Recognition Challenge is an educational and thought-provoking online game from RevenueRecognition.com. It’s a great way to test your knowledge and educate your organization about revenue recognition.