In this edition of the quarterly communication, we have provided information about financial reporting and accounting issues – some of which are currently being evaluated by regulatory agencies and not resolved at this time. We have also compiled a list of items for consideration in your financial reporting and disclosures for the second quarter and a summary of recently issued accounting pronouncements (see Appendices for a summary of recently issued accounting pronouncements and the related effective dates).

If you have any questions regarding any of the items within, or if there are other areas where we might be of assistance, please reach out to Elliott Davis. We would be happy to help in any way we can. 

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.