Heads Up — The new revenue standard — A look at SEC feedback in year 1
This Heads Up offers an overview of the feedback the SEC has provided to registrants about their implementation of the FASB’s new revenue standard, ASC 606, Revenue From Contracts With Customers. The newsletter highlights some key themes regarding the application of ASC 606 (related to accounting and disclosure requirements) that we noted in our review of approximately 400 SEC staff comments issued to date and presents examples of those comments.
This publication was released by our US firm.