- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
As most public companies deal with revenue recognition and lease accounting changes coming in 2018 and 2019, the banking sector is trying to tame an even bigger beast.
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When the economy starts to sour, CECL will push it faster and further in that direction, say banks calling for a delay and study of the new loan loss rules.
Accountants and auditors coping with an onslaught of new requirements are beginning to regard technology as a critical means of achieving compliance.
In preparing for the year-end close, companies should brace for auditors’ questions about the riskiest reporting areas, especially accounting rules taking effect in 2018.
