Heads Up — Implementing the New Revenue Standard — How Do Your Disclosures Stack Up?
As the effective date of the FASB’s new revenue standard approaches, there has been an increased focus on companies’ progress toward implementing its requirements.
To gain additional insight into the implementation status of public companies, particularly regarding the types of disclosures they have provided about adopting the standard, we recently completed a review of the SAB 74 disclosures that the Fortune 1000 public companies have included in their periodic filings with the SEC. This Heads Up discusses certain observations from our review of those disclosures.
This publication was released by our US firm.