Zyngas 2016 Def 14-A (proxy statement) reveals that Zynga paid EY approximately $4.6 million in audit and
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Zynga’s 2016 Def 14-A (proxy statement) reveals that Zynga paid EY approximately $4.6 million in audit and audit-related fees. Think about this very challenging revenue recognition situation why do you think that EY is willing to take the risk of providing an unqualified opinion on financial statements for which revenue recognition is such a unique and challenging undertaking? What auditing procedures over revenue recognition might enable EY to gain comfort that revenue, is indeed, properly valued? Speculate on EY’s decision to publish revenue recognition guidance in this particular valuation space.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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