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FASB and IASB issue joint proposal on revenue recognition and a progress report on US GAAP and IFRS convergence

Holland & Knight LLP
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Global, USA
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July 12 2010

On June 24, 2010, the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) published for public comment a draft standard to improve and align the financial reporting of revenue from contracts with customers and related costs

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FASB and IASB issue joint proposal on revenue recognition and a progress report on US GAAP and IFRS convergence

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