According to an Jan. 2020 Deloitte poll, the majority of public company executives say their organizations are in the cloud (53.9%) and or moving into it in the year ahead (25.5%). Yet, just 33.7% have begun to implement the Financial Accounting Standards Board’s (FASB) cloud computing accounting standard which mandates compliance for most US public companies in 2020.

1. Executives’ Take on FASB’s Cloud Computing
Accounting Standard
Deloitte poll results from January 2020

2. Executives’ Take on FASB’s Cloud Computing Accounting StandardCopyright © 2020 Deloitte Development LLC. All rights reserved. 2
Methodology
C-suite and other executives in publicly
traded and privately held organizations were
polled online during a Deloitte Center for
Controllership webcast, titled “The evolution
of accounting: Building a sustainable
framework for the future,” on Jan. 29, 2020.
Answer rates differed by question.
In some instances, immaterial amounts (e.g., +/-
0.1%) have been added to or removed from the “Don’t
know/not applicable” answer responses to bring results
to 100% total for each question.
1,300+
2

3. Executives’ Take on FASB’s Cloud Computing Accounting StandardCopyright © 2020 Deloitte Development LLC. All rights reserved. 3
Which best describes your organization’s current use of cloud
technology?
Votes received: 1,919 (927 public company executives; 992 private entity executives)
Don’t know / not applicable = 12.7% public company executives; 5.8% private entity executives
53.9%
25.5%
7.9%
54.7%
21.9%
17.6%
Public company executives Private organization executives
In cloud —
We currently have
some of our
operations in the
cloud
Moving to cloud —
We’re planning to
move some
operations into the
cloud in the next
12 months
Not in cloud — We
do not currently
have any
operations in the
cloud, nor do we
plan to in the next
12 months

4. Executives’ Take on FASB’s Cloud Computing Accounting StandardCopyright © 2020 Deloitte Development LLC. All rights reserved. 4
33.7%
29.4%
13.5%
47.2%
Public company executives Private organization executives
Which best describes your organization’s current stage of
implementation for the FASB cloud computing accounting
standard?
Votes received: 1,785 (927 public company executives; 992 private entity executives)
Don’t know / not applicable = 36.9% public company executives; 39.3% private entity executives
Started —
We have begun
implementation work for the
standard
Not started —
We have not yet begun
implementation work for the
standard

5. Executives’ Take on FASB’s Cloud Computing Accounting StandardCopyright © 2020 Deloitte Development LLC. All rights reserved. 5
19.4%
54.6%
9.3%
13.7%
47.8%
15.9%
Public company executives Private organizations executives
Which best describes your organization’s experience to
implementing accounting standards (e.g., lease accounting,
CECL, revenue recognition, etc.) during the past 12 months?
Votes received: 1,959 (942 public company executives; 1,017 private entity executives)
Don’t know / not applicable = 16.7% public company executives; 22.6% private entity executives
Highly efficient —
we spent only the time
and money we
budgeted
Somewhat efficient
— we had to spend
some more time or
money than initially
budgeted
Not efficient —
we spent far more
time and money than
initially budgeted

6. Executives’ Take on FASB’s Cloud Computing Accounting StandardCopyright © 2020 Deloitte Development LLC. All rights reserved. 6
Media contact
Shelley Pfaendler
Public Relations
Deloitte Services LP
spfaendler@deloitte.com
Dan Mucisko
Public Relations
Deloitte Services LP
dmucisko@deloitte.com
Full press release available on
Deloitte.com
8

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Copyright © 2020 Deloitte Development LLC. All rights reserved.
The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and
statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to
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