- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
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SEC comments on early reports under the new revenue recognition standard tended to sway companies to revise their reporting, analysis shows.
As companies wrap up their first year under the new revenue recognition standard, evidence of the learning curve and challenges with comparability are abundant.
Companies generally are expected to be ready to report under new lease accounting rules but still face some added work to prepare for ongoing compliance.
