United States

KPMG Comments on Proposed Technical Corrections to Revenue Standard

Oct 10, 2016
From the Financial Reporting View

KPMG LLP recently commented on the proposed FASB ASU, Technical Corrections and Improvements to Update 2014-09, Revenue from Contracts with Customers (Topic 606) Additional Corrections, which would clarify certain guidance and reinstate certain guidance related to cooperative advertising.

The firm generally supports the proposal, but suggested that the Board further clarify certain aspects of it.

Read KPMG Comment Letter

Read Proposed FASB ASU