Schneider Downs announced that ASC 818 establishes GAAP’s first framework for environmental credit accounting requiring companies to disclose the types, valuation and financial statement impact of credits like RINs, RECs and emissions allowances.

Schneider Downs is one of the 60 largest public accounting firms in the United States and the fourth-largest public accounting and business advisory firm in Western Pennsylvania. The firm offers more than 80 services from five business units: Assurance and Audit Advisors; Tax Advisors; Business Consulting Advisors; Private Client Advisors; and Retirement Solutions Advisors. With offices in Pittsburgh, Columbus and Metropolitan Washington, D.C., Schneider Downs serves clients in Pennsylvania, Ohio, West Virginia, New York, Maryland and around the world. Schneider Downs is an independent member of PrimeGlobal, the third-largest association of independent accounting firms in the world.