New revenue rule catching CFOs by surprise

06/26/2013 | Compliance Week

A recent survey of chief financial officers indicates that most are unaware of a major regulation coming their way. The Financial Accounting Standards Board is preparing to publish its final rule setting a new standard for accounting for revenue recognition. Richard Caturano, CPA, CGMA, Chairman of the Board of Directors of the AICPA, recently highlighted the three major issues the FASB is finalizing.

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