Industry Insights

Earlier Effective Dates Possible for NFP Conduit Bond Obligors

March 2017

Executive Summary

The standards on revenue recognition and leases state the earlier effective dates apply to “PBEs, a not-for-profit that has issued, or is a conduit bond obligor for, securities that are traded, listed or quoted on an exchange or an over-the-counter market and an employee benefit plan that files or furnishes financial statements with (or to) the Securities and Exchange Commission (SEC).”

These entities are encouraged to begin preparing for the new standards; the revenue recognition standard is effective for the 2018 calendar year, and the lease standard is effective for the 2019 calendar year.

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