Public companies based in the U.S. are choosing the less onerous (but riskier) of two possible methods for complying with new standards for recognizing revenue from customer contracts. This two-part series from Intelligize explores the new rules and provides insights for public companies subject to the new standards.
Nearly 12 years in the making, the new rules cut across all industries and have been called the regulatory change with the most profound impact on corporate finance since the Sarbanes-Oxley legislation at the start of the century.
In Part I of this important research, Intelligize Senior Director Rob Peters explores the impact of the new revenue recognition standards on public companies, and the SEC’s approach to enforcing them. Part I includes:
- An overview of revenue recognition changes
- Results from early and standard adopters of the new rules
- An analysis of the SEC’s response to adopters of the standard
Part II checks back in on the early adopters discussed in Part I to see how the adoption process has gone, and where SEC review has focused for both early and standard adopters.
In the follow-up, Rob Peters is joined by Intelligize’s Erin Connors. The two leverage public company filings, SEC correspondence and other data available on the Intelligize platform to detail the Commission’s investigative priorities and highlight significant compliance trends.
Download both free whitepaper to gain more insight into what the SEC wanted in companies’ Topic 606 disclosures.
One form provides access to both Part I and Part II
Intelligize is the leading provider of best-in-class content, exclusive news collections, regulatory insights, and powerful analytical tools for compliance and transactional professionals. Intelligize offers a web-based research platform that ensures law firms, accounting firms, corporations and other organizations stay compliant with government regulations, build stronger deals and agreements, and deliver value to their shareholders and clients. Headquartered in the Washington, DC metro area, Intelligize serves Fortune 500 companies, including Starbucks, IBM, Microsoft, Verizon and Walmart, as well as many of the top global law and accounting firms. In 2016, Intelligize became a wholly-owned subsidiary of LexisNexis®, a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets.
