In response to Financial Accounting Standards Board Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, the American Institute of Certified Public Accountants (AICPA) Revenue Recognition Task Force has issued the following revenue recognition exposure drafts for comment:
- Brokers and Dealers
- Issue 3-4: Underwriting Revenues
- Telecommunications
- Issue 15-8 – Determining the Transaction Price
Comments on the exposure drafts are due January 2, 2018.
The AICPA is seeking comment on the issues. The comment period ends January 2, 2018.