Accounting pronouncements issued as of June 30, 2021
The ASUs (Accounting Standards Updates) listed in this Effective Date Schedule may (1) be effective currently for some entities, or (2) require disclosures under Staff Accounting Bulletin 74, Disclosure of the Impact that Recently Issued Accounting Standards Will Have on the Financial Statements of the Registrant When Adopted in a Future Period, for pronouncements not yet adopted by the registrant if the impact of the adoption is expected to be material. This schedule is not a substitute for reading the ASUs. Some effective date and transition requirements have been paraphrased in this document.
Source: Grant Thornton Snapshot June 30, 2021
We are committed to keeping you up to date of all developments that may affect the way you do business in Puerto Rico. Please contact us for further assistance in relation to this or any other matter.