A Step-By-Step Guide To Overcome The FASB Compliance Challenges

With the aim of covering some major accounting gaps, the new accounting standards came into force for public companies as of December 15, 2018. To comprehend the impact of the new accounting standards, we spoke to many companies who shared their experiences on the implementation of the new accounting standards. Most of them had the same thing to say – the compliance requirements are nothing like they expected it to be.