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Denise Lugo of Bloomberg says, “Public companies—including Amazon.com Inc. and Microsoft Corp.—are gearing up for the most historic accounting changes to hit U.S. capital markets in decades.”

 

Denis Pombriant of Beagle Research says, “We have before us a perfect accounting storm, the likes of which has not been seen since the late 1990s.”

 

Josh Paul, Head of Technical Accounting & SEC Reporting at Alphabet says, “Hopefully, fear is what you’re feeling now.”

 

What are these people talking about? The most profound new compliance changes to come to corporate finance since Sarbanes-Oxley. And they’re five months away.

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