[FASB Makes Deferral Official for Leases, CECL, Hedging and Insurance Standards]

FASB noticed that the ways to access resources, education and technology for different size of organizations will become the obstacles to implement the new accounting standards. Thus, FASB delayed the effective dates so that the private and smaller public companies can have more time to learn from the larger public companies.

Do you think the deferral of the official date is necessary for the private and smaller public companies?

Clink the link below for more information:

https://www.accountingtoday.com/news/fasb-makes-deferral-official-for-leases-cecl-hedging-and-insurance-standards

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