Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Amazon pushes back on SEC revenue disclosure comment

Tammy Whitehouse | November 29, 2018

The Securities and Exchange Commission is getting some pushback from Amazon over staff requests for more disclosure regarding its recognition of revenue under a massive new accounting standard that took effect this year.

The SEC wrote to Amazon after reviewing the company’s second quarter filing of 2018 to ask for more disclosure about revenue associated with Amazon’s “Prime” members. The SEC found a Form 8-K disclosure indicating the company exceeded 100 million paid Prime members and shipped more than 5 billion items to Prime...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.