XPECT Announcement

(Schaumburg, IL, June 3, 2020)
The Financial Accounting Standards Board (FASB) has officially delayed the effective date of Accounting Standards Codification (ASC) No. 606 Revenue from Contracts with Customers and ASC No. 842 Leases by one additional year for private companies that have not yet adopted the standards. The standards are now effective for fiscal years beginning after December 15, 2019 (ASC 606) and December 15, 2021 (ASC 842).

XPECT is available to help. Our professionals have logged hundreds of hours helping businesses implement these new standards and our work has been subject to audit and review by Big 4 accounting firms. XPECT has a proven process for assessment and implementation of the new standards. Engage now and become eligible for our coronavirus recovery rebate!

(Japanese translation)


  • 新収益認識基準ASC第606号:2019年12月15日以降に開始する事業年度の年度末まで延長
  • 新リース会計基準ASC第842号:2021年12月15日以降に開始する 事業年度の年度末まで延長

つきましては、弊社 XPECTの経験豊富な会計士が、4代大手を含む他の会計事務所よりの監査やレビューに対応すべく、これら新会計基準の遵守、実施のお手伝いをさせて頂きます。


For more details about our services, please visit our website at www.xpectup.com or contact us at info@xpectup.com to request more information or to schedule an appointment. Additional information regarding the FASB decision can be found here.