Section 1506, Accounting Changes, requires disclosures about future changes in accounting standards. Do private enterprises have to make these disclosures between now and the adoption of the new standards?
Related Questions
- If an enterprise concludes that it has no significant accounting policy changes on adoption of accounting standards for private enterprises, what sort of disclosure should it make on adoption?
- Can the exemptions in Section 1500, First-time Adoption, be applied subsequent to the adoption of the accounting standards for private enterprises?
- When it comes to accounting standards, where public companies tread, are private companies sure to follow?
