Pellegrino, Saccomani & Wells, CPA's, LLP | New pronouncements
This links to the home page

New pronouncements

The accounting standard is constantly changing and evolving. Keeping up to speed with all the changes provides an opportunity for management to strategically plan for the future. 

The audit and review standards are also constantly evolving, and we tailor those new standards to assist business owners in deriving internal efficiencies.

Some of the new FASB pronouncements are:

ASC topic 606- Revenue from contracts with customers
ASC topic 842- Leases standard

ASC topic 326- Financial instruments- credit losses