Significant Accounting Updates Policy

Screenshot of the first page of Significant Accounting Updates Policy

This tool contains two policy samples that document the controls designed to ensure the implementation and application of a company’s new accounting standards.

In these samples, the director of financial reporting becomes aware of new accounting projects, standards and policies via announcements on various financial standard websites, automatic receipt of new standards issued by the FASB as part of the subscription services to the FASB, and communications from industry associations; the accountant reads and understands the issue assigned; and the accountant and director of financial reporting review and assess what is needed to respond to the project or implement the new standard or policy.

Free Trial

Sign up for a free, no-obligation trial to start exploring our timesaving, valuable resources.