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New working draft discusses revenue recognition issue for broker-dealers

By Ken Tysiac

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A working draft issued Friday by the AICPA Financial Reporting Executive Committee discusses helpful considerations for broker-dealers related to implementation of FASB’s new revenue recognition standard.

Interested parties can submit informal feedback on the working draft, Broker-Dealer Issue No. 3-5: Investment Banking M&A Advisory Fees, by Feb. 15.

After issues are finalized, they are included in the AICPA’s Revenue Recognition Guide.

—Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is a JofA editorial director.