What has the SEC staff commented on in letters to companies on the new revenue standard? In this podcast, we examine some of the SEC comment letters related to companies who have adopted the new revenue standard and have received comment letters through October 2018. We first give a quick summary of the SEC comment letter process. Then from our review of the letters, we’ll discuss our observations, including:
Companies should continue to consider how they describe their business outside of the financial statements -- such as earnings releases or investor presentations -- when they draft their disaggregated revenue disclosures.
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