United States

FASB and IASB Reaffirm Amendments to Principal-Agent Guidance in Revenue Standard

Dec 17, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB and the IASB met on December 16, 2015, and redeliberated their proposed amendments to the principal versus agent guidance in their respective revenue recognition standards. The Boards instructed their staffs to draft final standards to incorporate the proposed amendments with only minor changes.

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