Franchise Disclosure Documents Must Comply With New Audit Requirements

August 6, 2019Webinars/Podcasts

The Financial Accounting Standards Board has adopted new accounting standards that change how revenue must be recognized, adding new auditing requirements to franchise disclosure documents.

In this 17-minute podcast, franchise lawyer and litigator John Gotaskie joins industry auditor Jeff Deane of BKD CPAs and Advisors and franchisor Jim Powers of Ablak Holdings to explain how new revenue recognition standards will critically affect the way franchise buyers assess risk and financials. The panel also outlines strategies for franchisors to categorize franchise fees in a way that clarifies specific performance obligations within revenue projections.

If you prefer to download the transcript, click here