GAAP Consulting
Date

Thursday 5 November 2026

Time

2:30 pm

Duration

1.5 CPD hours

Session Topic

Revenue recognition – getting AASB 15 right

Revenue recognition generates some of the most frequent and challenging accounting questions we receive.

It also remains a significant area of audit risk, with judgement, complex contractual arrangements and the potential for error or manipulation continuing to attract regulatory attention.

This session will examine where AASB 15 proves most difficult to apply, what recent failures can teach us and where audit evidence needs particular attention.

In this GAAPinar, we will discuss:

  • Recent revenue recognition failures and the audit procedures that could have identified or addressed the underlying issues
  • Key AASB 15 judgement areas, including performance obligations, timing, cut-off, contract modifications, and revenue disclosures
  • Construction and project accounting, including how revenue interacts with contract assets, contract liabilities, receivables and provisions
  • Revenue disclosures and the evidence needed to support significant judgements
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This session is presented by:

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Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).

Colin Parker

Principal | GAAP Consulting

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.