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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... To get the full story, subscribe now.