At its meeting on May 13, 2020, the AcSB discussed the comment period and the outreach plan for the Consultation Paper, “Contributions – Revenue Recognition and Related Matters.” The AcSB decided to issue the Consultation Paper with an extended comment-period deadline of December 15, 2020, to allow stakeholders more time to respond in light of the COVID-19 pandemic. The Consultation Paper was issued on May 19, 2020.The AcSB also discussed the outreach activities planned for obtaining feedback on the Consultation Paper and directed staff to revisit the timing of these outreach events. The Board decided that all outreach activities will be done virtually because of the COVID-19 pandemic.

Review the Executive Summary on the AcSB's Web site.