IFRS 15 / ASC 606 Compliance Support

  • Configure and validate RAR to meet revenue recognition principles
  • Design allocation rules for transaction price and performance obligations
  • Support both time-based and event-based recognition models.
  • Conduct compliance checks against business policies and accounting standards.

SOX Readiness & Internal Controls

  • Establish end-to-end audit trails within SAP RAR.
  • Implement controls for data integrity and contract lifecycle monitoring.
  • Assist in segregation of duties (SoD) and approval workflows.
  • Provide documentation and evidence for SOX compliance audits.

Disclosure & Reporting Services

  • Build custom disclosure reports aligned with IFRS/ASC requirements.
  • Enable contract asset & liability reporting for financial statements.
  • Develop dashboards for auditors, controllers, and CFOs.
  • Integrate with SAP Analytics Cloud (SAC) for advanced compliance reporting.

Audit Support Services

  • Perform pre-audit health checks to identify risks and gaps.
  • Support internal and external auditors with reconciliations and system walkthroughs.
  • Provide audit-ready documentation covering RAR postings, POB tracking, and allocations.
  • Ensure data transparency across SD, FI/CO, BRIM, and RAR.

Business Benefits

  • Confidence in financial compliance with IFRS 15, ASC 606, and SOX.
  • Reduced audit risks and penalties through proactive checks.
  • Streamlined period-end disclosures with accurate reporting.
  • Strengthened trust with stakeholders, auditors, and regulators.