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Study: ASC 606 Might Slow IPOs in 2018 ??

Posted on October 13th, 2017 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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A new study by Deloitte reveals that initial public offerings (IPOs) may suffer as a result of New Accounting Standard (ASC606)

Here are excerpts from an article by Terry Sheridan in accountingWEB.com

Here’s a snapshot of the survey’s findings:

  • 60 percent of the respondents said they have not begun implementation of the standard or have only done an initial assessment.
  • But 53 percent said IPO activity will increase modestly (46 percent) or substantially (7 percent) in the next year.
  • 83 percent of respondents said it takes 12 months (40 percent) to 18 months (43 percent) prior to the IPO to put in place the structural and operations changes needed for a public offering.
  • 49 percent of respondents said media, technology and telecommunications industries would attempt the most IPOs.

Read the full article in accountingWEB.com

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