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.