The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will host a series of outreach meetings in March, April, and May 2012 on their revised joint proposals for the recognition of revenue, published in November 2011. “The meetings form an important part of the boards’ program of outreach activities on this second set of the revenue recognition proposals and they reflect the importance of revenue to all companies,” say the boards in a recent joint release. In addition, the boards will make audio recordings of the roundtable discussions available shortly after each roundtable at their respective websites, www.ifrs.org and www.fasb.org.
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