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AICPA issues broker-dealer revenue recognition working draft

By Ken Tysiac

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A new working draft issued Tuesday by the AICPA Financial Reporting Executive Committee addresses a consideration for broker-dealers related to FASB’s new revenue recognition standard.

When completed, the working draft will be added to the AICPA’s Revenue Recognition Guide. The issue is Broker-Dealer Issue No. 3-2, Selling and Distribution Fee Revenue.

Informal feedback on the issue may be submitted by March 1 to Ivory Bare at Ivory.Bare@aicpa-cima.com.

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