The AICPA’s Financial Reporting Executive Committee (FinREC) issued 12 working drafts of interpretive guidance for six industries— asset management, engineering and construction, gaming, health care, hospitality, and software—with respect to complying with FASB’s sweeping revenue recognition standard. The draft implementation issue was produced by a task force assigned by the FinREC to develop guidance for the next edition of the Audit and Accounting Guide (AAG): Revenue Recognition. Comments are due by August 1.
