Revenue Recognition 

    For auditors in the high tech manufacturing and computer software industries, it is critical to understand the complex audit and accounting issues related to revenue recognition. AICPA publications provide information on recent developments, guidance, and illustrative examples for the common accounting and audit practices in the high technology manufacturing and computer software industries including
    • contract accounting, including construction-type and production-type contracts.
    • indicators of improper revenue recognition.
    • auditing revenue assertions.
    • tangible products delivered with software components and nonsoftware components.
    • auditing revenue transactions in the computer software industry and the high-technology manufacturing industries.

    Find comprehensive examples of
    • inherent risk considerations related to revenue recognition.
    • types of potential misstatements related to revenue recognition.

    Audit Guide Auditing Revenue in Certain Industries


    This AICPA Audit Guide has been fully conformed to reflect the new standards resulting from the Clarity Project. This year’s edition of the guide fully incorporates the clarified auditing standards into all guide content, so that auditors can further their understanding of the clarified auditing standards. The clarified auditing standards are effective for audits of financial statements for periods ending on or after December 15, 2012 (calendar year 2012 audits). Auditors should continue to use the 2011 edition of this guide until the clarified auditing standards become effective for the auditors’ engagements.

    AICPA Online Professional Library

    When you subscribe to any one of the many subscription options on AICPA Online Professional Library, you're not only getting access to the most up-to-date guidance and tools, you are also linked to all of the relevant and related literature, including the FASB and GASB libraries.

    Many publications and libraries may be of value to those interested in guidance related to revenue recognition:

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