Search
 

Autonomy Deal Casts Doubt on Accounting Change (Reuters)

Critics fear new revenue recognition standard might leave door open for more abuses.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Hewlett-Packard’s allegations of revenue-recognition problems at Autonomy, the U.K. software company it acquired last year, has some market participants uneasy about the approach of a new standard on revenue recognition. The coming global standard is being produced jointly by the U.S. Financial Accounting Board and the International Accounting Standards Board, and it will be principles-based, in line with international standards, rather than offering the detailed regulations common to U.S. GAAP accounting. Critics fear the less detailed approach may allow for more accounting shenanigans.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

More from this author

Recommended Stories

Final CFIUS Rules for Real Estate Transactions: 5 Things to Know

MP McQueen |

While the federal government has whittled down some of the final regulations from the initial proposals, there is still potential for trouble for foreign investors under the 31 pages of final rules governing national security reviews by CFIUS of foreign investments in U.S. real estate, which take effect on Feb. 13.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.