Preparing for the New Revenue Recognition Rules & Other Corp. Accounting Updates

Presented by

Cathy Connolly, Jonathan Shapiro

About this talk

The first quarterly reporting deadline for public companies is quickly approaching, and that reporting for the first time will include significant disclosures related to the newly-implemented accounting standards. By January 2018, companies were expected to update revenue recognition rules for all revenue arising from contracts with customers, which requires not only a change to financial statements, but related disclosures, business processes and internal controls over financial reporting. In a panel discussion, Cathy Connolly of StoneTurn and Jonathan Shapiro of Baker Botts will focus on the changes brought about by the new rules, and address the questions they raise. Topics to be covered include: -- What types of issues may be brought to light? From what sources (internal, SEC, other)? -- How does a company and its counsel respond? -- What is the board’s response? -- How can the key problems be quickly identified, and an effective response, including a remediation plan, be implemented?

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