CRA was retained by external counsel for a Big Four accounting firm to provide analysis and an expert opinion related to compliance with relevant auditing standards in defense of a Big Four firm’s audit of a pharmaceutical company with a focus on revenue recognition, internal control, and disclosure.
ASC 820: Determining fair value in circumstances of reduced market liquidity or inactivity
Challenging market conditions relating, at least in part, to the COVID-19 pandemic are reminiscent of the financial markets during the global financial crisis...