United States

FASB to Propose One-Year Deferral of Revenue Standard

Apr 02, 2015
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that, at its April 1, 2015, meeting, the FASB agreed to propose a one-year deferral of the revenue recognition standard’s effective date for all entities. The FASB intends to issue an exposure draft in the near term with a 30-day comment period. The IASB plans to meet this month to discuss its effective date.

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