Chose 3 standards that you feel will have a significant impact on the accounting profession and financial reporting. Write a brief summary of the standard, including number, date issued, date effective, and identify why you believe this standard will have a significant on accounting and financial reporting. You can draw on your own personal accounting experiences in determining which standards will be most impactful. Accounting Standards Updates that have been issued in 2020/2021 and standards that will be effective in 2020/2021