• Service: Audit
  • Industry: Infrastructure, Government and Healthcare, Construction & Real Estate
  • Type: Publication series, Regulatory update
  • Date: 7/19/2010

New on the Horizon: Revenue recognition for building and construction 

In June 2010 the International Accounting Standards Board and the US Financial Accounting Standards Board published a joint exposure draft on revenue recognition, which will have significant implications on contract accounting in the building and construction sector if implemented in its current form.