Question
Zyngas 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
Zyngas 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 EYs decision to publish revenue recognition guidance in this particular valuation space.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started