Revenue Fraud and the Impact of New Revenue Recognition Standards

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Olivia Pleasant (Creator)
The University of North Carolina at Greensboro (UNCG )
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Olivia Pleasant

Abstract: The purpose of my paper is to discuss the new revenue recognition standards and how companies committed fraud under the old revenue recognition standards. The new standards are very different from the old standards however, there is still potential for companies to commit fraud under the new standards.This paper gives examples of the most common types of revenue recognition fraud under the old standards as well as some of the companies that committed said fraud. Also, included are some steps in order to help companies prepare to implement the new revenue recognition standards. Finally the paper concludes with a look at the new standards and how companies could still potentially get away with fraudulent practices.

Additional Information

Honors Project
Language: English
Date: 2018
Revenue recognition, fraud

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