IASB and FASB create transition resource group to help entities implement revenue standard

  • IASB (International Accounting Standards Board) (blue) Image
  • FASB (US Financial Accounting Standards Board) (lt blue) Image

03 Jun, 2014

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have announced the formation of a Joint Transition Resource Group (TRG) that will focus on potential implementation issues associated with their new revenue recognition standard.

The TRG members comprise of auditors, preparers, and users from various industries and geographical locations as well as from both private and public companies. The current membership includes:

  • John Armour, CBIZ MHM, LLC, Managing Director
  • Karyn Brooks, Bell Canada, Retired Senior Vice President and Controller
  • Jeff Bryan, Dixon Hughes Goodman LLP, Partner, Professional Standards Group
  • Andrew Buchanan, BDO IFR Advisory Limited, Global Head of IFRS
  • Allan Cohen, NBCUniversal Media, Senior Vice President and Controller
  • Emmanuelle Cordano, Sanofi, Accounting Standards Director
  • Mark Crowley, Deloitte & Touche LLP, National Office Director, Accounting Standards and Communication
  • Tony de Bell, PricewaterhouseCoopers LLP, Partner, Global Accounting Consulting Services
  • Carl Douglas, The CCR Group, Corporate Controller
  • Russell Hodge, General Electric Company, Global Technical Controller
  • Christoph Hütten, SAP, Senior Vice President and Chief Accounting Officer
  • Gregg Nelson, IBM Corporation, Vice President, Accounting Policy and External Reporting
  • Brian O’Donovan, KPMG IFRG Limited, Partner, International Standards Group
  • James Riley, Jardine Matheson, Group Finance Director
  • Rita Spitz, William Blair & Company, LLC, Principal
  • Alison Spivey, Ernst & Young LLP, Partner, Assurance Services-National Accounting
  • Scott Taub, Financial Reporting Advisors, LLC, Managing Director
  • Michael Wood, Raytheon, Vice President, Controller and Chief Accounting Officer
  • Kazuo Yuasa, Fujitsu Limited, Executive Vice President, Corporate Finance Unit

The first TRG meeting is scheduled for 18 July 2014.

For more information, see the press release on the IASB website.

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