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AICPA Task Forces Issue Revenue Recognition Exposure Drafts

In response to Financial Accounting Standards Board Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, the American Institute of Certified Public Accountants’ (“AICPA”) Revenue Recognition Task Forces have issued ten exposure drafts for public comment. The exposure drafts impact four industries and include the following:

Airlines

Gaming

Hospitality

Timeshare

Comments on the exposure drafts are due Thursday, June 1.

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