In an interview on July 12, 2017 with the Center for Audit Quality, FASB Board Member Christine Botosan discussed the importance of all companies evaluating the impacts of new Revenue Recognition standards on their organizations.
She cited the SEC's position that disclosure reporting on this issue will be required of public companies, regardless of whether revenue levels are materially changed and also underscored that companies can't know the materiality of changes without doing an evaluation per the new standards.
Watch the entire interview below.
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