Surety Bond Quarterly published an article by Assurance Partner James Miller and Director James Wiedemann, about the intricacies of the new revenue recognition rules.
Surety Bond Quarterly
By James Miller, Partner, Assurance Services & James Wiedemann, Director, Assurance Services
Excerpt:
Now that the dust has settled, all extensions provided to private companies have run out, and Topic 606 has been implemented by everyone in the construction industry, we can look back and assess the outcome of the change. The first item that comes to mind is inconsistency of application and presentation, including differences in presentation by accounting firms or individual companies…
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