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Companies Slow to Respond to New Accounting Standards

A recent survey by audit, tax and advisory firm KPMG LLP indicates that nearly 80% of public companies have not completed an assessment of the impacts of the new revenue recognition standard issued by the Financial Accounting Standards Board (FASB).

2 minute read August 01, 2016 at 12:00 AM
By
ALM Staff
Companies Slow to Respond to New Accounting Standards

A recent survey by audit, tax and advisory firm KPMG LLP indicates that nearly 80% of public companies have not completed an assessment of the impacts of the new revenue recognition standard issued by the Financial Accounting Standards Board (FASB).

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