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For early revenue adopters, SEC digs into year-end disclosure

Tammy Whitehouse | June 15, 2018

Staff at the Securities and Exchange Commission are starting to demonstrate a keen interest in some specific disclosures companies are providing in their early days of compliance with the new revenue recognition standard, based on themes emerging from comment letters to early adopters.

In its analysis of comment letters the SEC staff has sent to early adopters, PwC says the SEC is focusing its remarks so far on disclosures regarding the disaggregation of revenue, contract costs, performance obligations, and the considerations companies took into account in determining whether they were the principal or the agent to a particular contract with a customer.

Calendar-year public companies began reporting revenue under Accounting Standards Codification Topic 606  on...

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