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STAFF AUDIT PRACTICE ALERT NO 8

1666 K Street NW Washington, DC 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8430 STAFF AUDIT PRACTICE ALERT NO. 15 MATTERS RELATED TO AUDITING REVENUE FROM CONTRACTS WITH CUSTOMERS October 5, 2017 STAFF AUDIT PRACTICE Alerts highlight new, emerging, or otherwise noteworthy circumstances that may affect how auditors conduct audits under the existing requirements of the standards and rules of the PCAOB and relevant laws. Auditors should determine whether and how to respond to these circumstances based on the specific facts presented.

Staff Audit Practice Alert No. 15 October 5, 2017 Page 2 standard replaces most industry-specific revenue recognition requirements in U.S.

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