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Financial Reporting Alert 17-5 — SEC reemphasizes its continued focus on the new revenue standard, including advancing ICFR

Published on: Apr 04, 2017

This Financial Reporting Alert discusses SEC Chief Accountant Wesley Bricker's speech at the 13th Annual Life Sciences Accounting & Reporting Congress in March 2017. Mr. Bricker reminded registrants of the importance of implementing the FASB's new revenue standard, Revenue From Contracts With Customers, in a timely manner and of providing the required transition disclosures. He also stressed the key role of internal control over financial reporting (ICFR) in the standard's successful implementation.

This publication was released by our US firm.

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Financial Reporting Alert 17-5 — SEC reemphasizes its continued focus on the new revenue standard, including advancing ICFR Image

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