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Could revenue rule chill IPOs in 2018? Poll suggests maybe

Tammy Whitehouse | September 19, 2017

A Deloitte webcast poll suggests new revenue recognition accounting requirements taking effect next year may put a chill on initial public offerings.

In an online poll of nearly 3,000 executives, mostly with private companies considering IPOs, Deloitte found only a tiny fraction of companies would be ready to comply with the new accounting requirements in 2018. Only 8 percent said their companies had completed implementation of the revenue recognition standard, which is required for all public companies beginning Jan. 1, 2018. In fact, more than 60...

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