About that new FASB revenue recognition standard . . .
This morning, I made a short presentation on the new FASB-IASB revenue recognition standard, Revenue From Contracts With Customers, now at FASB Codification Topic 606. The slides appear below this post. At the moment, Topic 606 will be effective for public company year ends beginning on or after January 1, 2017. We’ll see whether this effective date […]
SEC loses laptops. IRS, EPA lose emails. CDC loses Ebola. What next?
What times are these when supposedly uber-competent government agencies lose control of, well, mission-critical stuff like laptops, emails, and deadly viruses? What’s next? The SEC OIG says hundreds of laptops are unaccounted for. The good news is that OIG has disclosed they’re missing. Bad news? While the IRS and EPA “lose” only emails, the SEC loses […]
Statistician wins big with SAS 9.3 in False Claims Act case
Statistics and SAS 9.3 were big winners yesterday, in U.S. District Court for the Eastern District of Tennessee. In United States ex. rel. Martin v. Life Care Centers of America (1:08-cv-251), the court denied, after its own detailed analysis of proffered expert testimony, a defense motion to exclude the government’s testifying expert statistician, Dr. Constantin T. Yiannoutsos. In […]