REVENUE ASSURANCE
The traditional accounting relies on revenue recognition and contains country specific laws on the same. The reliance here is more on the time period in which the invoice is raised and revenues recognised in the books of accounts. Now corporates are insisting on the need to ensure that the revenues recognized are indeed the right revenues. This gives rise to the need of CFOs to assure the board and other stakeholders on the revenues that are booked in the statement of accounts.
