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June 15 2017

CPE Credit(s): 1

In a recent Compliance Week revenue recognition survey, 36 percent of respondents considered implementation to be a high priority while 65 percent had yet to determine how they would transition to the new standard.

Progress toward implementation of the new revenue recognition standard has been slow—making regulators and audit firms concerned. Even companies that expect to see little change in the numbers still face new disclosures and significant changes in accounting processes.

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