FASB standards effective for calendar year 2020
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FASB standards effective for calendar year 2020

1 year ago · 420.4 KB Download

Around the end of the year, many practitioners are in the process of planning their 2020 preparation, compilation, review, audit, and other attest engagements and eagerly await the release of the CPEA’s annual report to remind them of all the new accounting standards which are newly effective.

This report includes a listing of the significant Accounting Standards Updates (ASUs) that now are effective for the first time for nonpublic business entities (entities other than a public business entity, a not-for-profit (NFP) entity that has issued or is a conduit bond obligor for securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the U.S. Securities and Exchange Commission (SEC) with periods ending December 31, 2020). Very narrow ASUs are omitted but are included in the effective date table at the end of the report.

Download the report on Newly Effective Accounting Standards in 2020

File name: CPEA 2020 New Accounting Standards.pdf

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