Brokers and Dealers in Securities Revenue Recognition Task Force 


    AICPA Revenue Recognition Task Forces are charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard.

    Task Force Members:

    • Michael Fehrman, Deutsche Bank AG (Chair)
    • Jeffrey Alfano, Oppenheimer & Co. Inc.
    • Joseph Cascio, Ernst & Young LLP
    • Kristin Derington-Ruiz, PricewaterhouseCoopers LLP
    • Chris Donovan, Deloitte LLP
    • Grace Gao, Morgan Stanley
    • Craig Goodman, Rosen Seymour Shapss Martin & Company LLP
    • Chris Johnson, Crowe Horwath LLP
    • Lisa Koehl, JPMorgan Chase
    • Lori Matan, Citigroup Inc.
    • Prashant Nisar, Grant Thornton LLP
    • Jason Roos, Wells Fargo
    • Karl Ruhry, KPMG LLP
    • Jonathan Schubach, Jeffries LLC
    • Tracy Whetstone, McGladrey LLP
    Staff Contact: Ivory Bare, ibare@aicpa.org

    IDENTIFIED REVENUE RECOGNITION IMPLEMENTATION ISSUES

    Below is a list of potential revenue recognition implementation issues identified by the Brokers and Dealers in Securities Revenue Recognition Task Force. The list will be updated as the task force continues it discussions. Full revenue recognition implementation issues will be posted below for informal comments after review by the AICPA Financial Reporting Executive Committee (FinREC).

    Issue # Description of Implementation Issue
    1 Commission income
    2 Fee income
    3 Contra revenue
    4 Investment banking revenue
    5 Other revenues
    6 Principal transactions
    7 Trading commissions
    8 Interest and dividend income


    FEEDBACK REQUESTED

    Draft Revenue Recognition Implementation Issues included for informal comment, when available, will be listed below.

    Respondents should submit any comments including the implementation issue number to revreccomments@aicpa.org by the dates noted below:

    Issue # Comment Due Date


    The Brokers and Dealers in Securities Revenue Recognition Task Force and the Stockbrokerage and Investment Banking Expert Panel recommend the following AICPA products for current revenue recognition issues:



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