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.

FASB Votes for One-Year Deferral on Revenue Recognition

Tammy Whitehouse | April 1, 2015

The Financial Accounting Standards Board plans to propose a one-year delay in the effective date of the new revenue recognition standard while also allowing adoption as of the original effective date for companies that are ready to move forward.

Kroeker-jim-1114After reviewing staff research on how ready companies are to implement the new standard by the current 2017 effective date, it was simple for FASB to agree that the...

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.