SEC Chief Accountant Sets Priorities

SEC Chief Accountant James Schnurr discussed the SEC's key accounting priorities at the AICPA National Conference on Banks and Savings Institutions. The priorities he outlined included (i) the implementation of the new revenue recognition standard, (ii) the upcoming release of the Financial Accounting Standards Board's new credit impairment standard and (iii) reconsideration of issues related to the International Financial Reporting Standards.

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