A trifecta of Accounting Standards.

• Position: The big 3

The big three Accounting Standards Updates (ASUs)--ASU 2014-09, Revenue from Contracts with Customers: ASU 2016-02, Leases: and ASU 2016-13, Financial Instruments-Credit Losses--from the Financial Accounting Standards Board pose significant challenges for CPAs. And. as their effective dates loom near, practitioners are sometimes realizing the substantial level of work involved in applying these...