SEC scrutinizing revenue judgments under new and old rules, deputy warns
As new standards on revenue recognition, leases, and more will touch trillions of dollars on corporate balance sheets, SEC Deputy Chief Accountant Wesley Bricker advises companies to explain to investors what is changing, why it’s changing, how it will change, and when. Tammy Whitehouse has more.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticleSquare discontinues adjusted revenue metric following SEC warning
Square is discontinuing the use of adjusted revenue following receipt of a comment letter from the SEC, which has been eyeing reports for use of measures not in compliance with its updated revenue standard.
-
ArticleAccounting leaders need a wake-up call on revenue recognition
New revenue recognition standards will come into force within 18 months, but accounting leaders everywhere don’t seem to be in a hurry to undertake the huge amount of work it will take to get ready. Tammy Whitehouse reports from the Compliance Week 2016 conference.
-
OpinionWhat to know about double materiality assessments for ESG initiatives
Double materiality assessments help organizations identify and prioritise ESG topics that matter most, both in terms of their impact on society and the environment, and their financial implications for the business.