The first quarterly reporting deadline for public companies is quickly approaching. For the first time, that reporting will include significant disclosures related to the newly-implemented accounting standards. By January 2018, companies were expected to update revenue recognition rules for all revenue arising from contracts with customers, which requires not only updates to financial statements, but related disclosures, business processes and internal controls over financial reporting.

In a Securities Docket webcast, Cathy Connolly of StoneTurn and Jonathan Shapiro of Baker Botts presented on the changes and addressed the questions they raise.

Topics covered on the webcast include:

  • What types of issues may be brought to light? From what sources (e.g., internal, SEC, other)?
  • How does a company and its counsel respond?
  • What is the board’s response?
  • How can the key problems be quickly identified, and an effective response, including a remediation plan, be implemented?

Access the archive of the webcast.