Practice Tip: WIPing your clients into action
I've been encouraged by several people to keep at the WIP theme, but with a change of tack. I've so far looked at this issue from the dimension of the practitioner. Now it's time to turn threat into opportunity and work out how to make money out of what seems like an inevitable change, whether or not UITF 40 survives (as some now doubt) or its sentiment gets built into a new financial reporting standard before the year is out.
Put simply, you won't make any money out of UITF 40 unless you tell your clients they have a problem.