We performed the full adoption of ASC Topic 606, “Revenue from Contracts with Customers,” for a medium-sized public company. Our role included the following elements:
All considerations and conclusions were documented in auditable schedules, accompanied by a comprehensive memo. We also drafted new disclosures required by the standard and worked with management to assess the new key controls required for Sarbanes-Oxley (SOX) compliance.
Note: This work was performed prior to joining Stout.