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