FASB hits pause on revenue recognition disclosure provision
Image: FASB met recently to consider proposed guidance around collectibility, non-cash consideration, contract modifications, and more. It did not come to a final decision, however, on whether to add a practical expedient to certain disclosure requirements regarding remaining performance obligations. FASB member Marc Siegel offered some concern: “We tried to ...
Related articles
-
Article
New revenue recognition rules prompt wide variety of adoption strategies
With new revenue recognition rules fast approaching, public companies everywhere are preparing as best they can, but an uncertain future awaits everyone. Tammy Whitehouse looks at what’s behind implementation delays.
-
WebcastDec 16 | Hot Topics in Risk and Compliance: AI, Analytics, and Emerging Audit Technologies
Join experts from KPMG, Cisco, and Workiva as they explore how audit, accounting, and finance professionals can leverage a technology mix of data analytics, gen AI, and other tools to ramp up efficiency and strengthen control effectiveness.
-
ArticleFRC’s plans for more flexible enforcement gains support
Plans to give the U.K.’s audit regulator more options to regulate firms for sloppy work have been largely well received by experts, who believe the current system is “inflexible,” “cumbersome,” and “slow.”