AICPA issues revenue working draft for broker-dealers
Jan 10, 2019
On January 10, 2019, the AICPA’s Financial Reporting Executive Committee released for public comment a working draft for broker-dealers that addresses an illustrative note to financial statements that is associated with the implementation of the new revenue standard.
Topics addressed in the working draft include:
- Significant judgments
- Investment banking
- Asset management
- Costs of obtaining or fulfilling a contract with a customer
- Disaggregated revenue from contracts with customers
Comments on the working draft are due by March 4, 2019.
Review the revenue recognition resource page on the AICPA’s website.
