Professor Wilks is the EY Professor of Accounting and former Director of BYU’s School of Accountancy. From 2006 to 2008, he worked as an academic fellow at the Financial Accounting Standards Board in Norwalk, Connecticut. While there, he led the development of the new international standard on revenue recognition, a standard that was released in May 2014. Professor Wilks also served from 2008-2009 as an academic advisor to the International Accounting Standards Board in London, England. He has also served as a technical advisor to Connor Group, which provides technical GAAP review, IPO services, and SEC reporting guidance to firms preparing for IPO. In January 2014, the US Financial Accounting Foundation appointed him to the Financial Accounting Standards Advisory Council.
In the recent 2020 AICPA conference, revenue recognition was a hot topic, especially relating to principal-agent guidance and identification of performance obligations.