By Steve Hobbs, Gordon Tucker and Sherry Xu, Protiviti
Most pre-IPO companies realize the need for consistent, reliable revenue recognition -- and they are not going public until they get it. While elevated pressures on company directors and executives for more revenue accountability, better internal controls and improved risk management are not new as a result of Sarbanes-Oxley, recent economic events have created a climate in which the bar is being raised even higher. This article reviews several areas where emerging regulations either already have or may soon impact an organization’s revenue risk management practices and its internal control environment.