Quiz: Auditor independence & FASB’s revenue recognition standard

March 9, 2020

JofA Article
By Deana Thorps, CPA

If your audit clients are struggling to implement FASB’s new revenue recognition standard, Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers, they may turn to you for help. But how much guidance can you offer without compromising your audit independence? Take this quiz to find out how well you know the independence requirements relative to attest clients.


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