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Tuesday, June 20, 2006

Sarbox Has Widespread Impact on Revenue Recognition Policies

One of the primary goals of Sarbanes-Oxley (Sarbox) is to ensure that companies are reporting accurate revenue numbers. Consequently, revenue recognition policies have been under particular scrutiny. A survey of 400 public and private companies found that more than half (55%) of all public companies, have changed revenue recognition policies as a result of Sarbox and that many of these changes were "Moderate" to "Significant".

Sarbox Has Widespread Impact on Revenue Recognition Policies

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