FASB to Host November 10 Public Roundtable on Its Post-Implementation Review of the Revenue Recognition Standard
Norwalk, CT—October 2, 2023—The Financial Accounting Standards Board (FASB) today announced it will host a public roundtable on the FASB’s Post-Implementation Review (PIR) of Topic 606, Revenue from Contracts with Customers. The roundtable will take place on Friday, November 10, 2023, at the FASB offices located at 801 Main Avenue, in Norwalk, Connecticut.
The purpose of the roundtable is to solicit feedback from those who have experience implementing Topic 606 to assist the FASB in its review of the standard. Roundtable participants, including investors and other financial statement users, preparers, auditors, and others across all industries, will share their insights on the process of implementing Topic 606, technical issues identified during that process, and other topics that will assist in the evaluation of the benefits of Topic 606 and related costs.
The roundtable will take place from 10:00 a.m. to 3:00 p.m., with a break from 12:00-12:45 Eastern Standard Time. A list of all roundtable participants will be posted to the FASB website prior to the meeting.
Nonparticipating observers interested in attending the meeting in person should register online by October 23, 2023. (Seating is available on a first come, first served basis.)
The roundtable meeting will be live streamed on the FASB website. To access the webcast, go to Attend a Meeting Remote (live webcast) option on the Upcoming Meetings section of the FASB website.
The meeting will be archived on the FASB website for 90 days following the meeting.