DELOITTE NEEDS TO IMPROVE AUDIT OF REVENUE RECOGNITION

摘要

A fifth (22%) of Deloitte's audits now require improvements or significant improvements, with the firm needing to remain focused on strengthening its audit of revenue recognition ahead of the implementation of IFRS 15. The FRC reviewed 23 individual audits undertaken by Deloitte in 2016/17, of which the majority (18) were ranked as good or requiring limited improvements while three required improvements (13%) and two required significant improvements (9%), up from zero the previous year.