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AICPA issues working drafts on revenue implementation issues

  • AICPA (American Institute of CPAs) Image

Nov 02, 2015

The AICPA’s Financial Reporting Executive Committee has released for public comment nine working drafts on accounting issues associated with the implementation of the new revenue standard.

The working drafts apply to entities in the (1) aerospace and defense and (2) investment asset management industries. Com­ments on the working drafts are due by December 31, 2015.

For more information, see the aerospace and defense and asset management revenue recognition task force pages on the AICPA’s Web site. 

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