News & Analysis as of

Revenue Recognition Standard Compliance

The Volkov Law Group

VMware pays SEC $8 Million for Misleading Financial Reporting

The Volkov Law Group on

The Securities and Exchange Commission’s bread-and-butter enforcement actions focus on accounting fraud.  The SEC has a long history in uncovering fraudulent financial reporting schemes.  In the early 2000s, Wall Street was...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard: What Does It Mean For Compliance?

The new Revenue Recognition standard which may significantly impact the compliance profession, compliance programs and compliance practitioners going forward is here and ongoing in full force....more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard - Audio White Paper for Compliance Officers

An audio white paper deep dive into the New Revenue Recognition Standard issued by FASB. In five chapters, compliance leaders Tom Fox and Matt Kelly look at all aspects of the revenue recognition standard, and what it means...more

Thomas Fox - Compliance Evangelist

This Week in FCPA-Episode 80, The Last Jedi Edition

Jay and I return for a wide-ranging discussion on some of the top compliance- and ethics-related stories of the week, including: 1. There are several FCPA 40th anniversary pieces going up these days. The FCPA Blog is looking...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard-Part V, What does it all mean?

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) for public business entities, certain not-for-profit entities, and...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – The Podcast Series

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) for public business entities, certain not-for-profit entities, and...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part VI: What Does Mean?

Over several blog posts, I have explored in detail the new Financial Accounting Standards Board (FASB) Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), which set forth a new Revenue...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part V: Allocation and Revenue Recognition

I continue to explore the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part IV: Determining the Transaction Price

This week I am exploring the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part III: Performance Obligations

This week I am exploring the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part II: Contracts

This week I am exploring the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part I: Introduction

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) for public business entities, certain not-for-profit entities, and...more

Cooley LLP

Good News For Companies Adopting Retrospective Approach To New FASB Revenue Recognition Standard

Cooley LLP on

One of the critical questions that companies are facing under FASB’s new revenue recognition standard is whether companies that elect to follow a retrospective approach (applying the standard to both current and prior years —...more

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