- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
As new standards on revenue recognition, leases, and more will touch trillions of dollars on corporate balance sheets, SEC Deputy Chief Accountant Wesley Bricker advises companies to explain to investors what is changing, why it’s changing, how it will change, and when. Tammy Whitehouse has more.
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Square is discontinuing the use of adjusted revenue following receipt of a comment letter from the SEC, which has been eyeing reports for use of measures not in compliance with its updated revenue standard.
New revenue recognition standards will come into force within 18 months, but accounting leaders everywhere don’t seem to be in a hurry to undertake the huge amount of work it will take to get ready. Tammy Whitehouse reports from the Compliance Week 2016 conference.
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
