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When: In May 2014, the FASB and IASB jointly issued Accounting Standards Update (ASU) 2014-09, which introduced ASC 606. Provide useful information to financialstatement users through improved disclosure requirements. Simplify the preparation of financialstatements by reducing the number of publications.
And what they do is they take three major classes of fraud, which is the fraudulent financialstatements, so just fudging the numbers in effect, a misappropriation of assets. Because one of the things that your, your financialstatement data is always going to be what's getting manipulated when you're trying to cover up a fraud.
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