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AICPA issues revenue working draft for broker-dealers

  • AICPA (American Institute of CPAs) Image

Jan 10, 2019

The AICPA’s Financial Reporting Executive Committee has released for public comment a working draft for broker-dealers that addresses an illustrative note to financial statements that is associated with the implementation of the new revenue standard.

Topics addressed in the working draft include:

  • Significant judgments.
  • Investment banking.
  • Asset management.
  • Costs of obtaining or fulfilling a contract with a customer.
  • Disaggregated revenue from contracts with customers.

Com­ments on the working draft are due by March 4, 2019. For more in­for­ma­tion, see the revenue recog­ni­tion re­source page on the AICPA’s Web site.


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