- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The SEC is getting some pushback from Amazon over how it breaks up and reports revenue for its different streams under ASC 606.
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Saying there is “evidence of a vein of toxicity” running through Amazon’s company culture, a now-former VP is the most prominent voice to speak out against the tech behemoth’s actions during the coronavirus pandemic.
SEC comments on early reports under the new revenue recognition standard tended to sway companies to revise their reporting, analysis shows.
As companies wrap up their first year under the new revenue recognition standard, evidence of the learning curve and challenges with comparability are abundant.
