Challenge: New Standards

With the significant technical and IR communications considerations relating to the transition to the new revenue standard ASC 606, the Board of Directors of ACRO approved formation of a CFO Roundtable to allow discussion of challenges faced by our industry and consideration of the potential for consensus interpretation of certain standards and external communication about such discussions.

Taking Action

The CFO Roundtable meets monthly (via phone) to discuss the challenges of ASC 606 and to encourage the development of industry-wide principles in place for the presentation and communication of financial information in relation to this new standard.