Back to all updates

Journal of Accountancy · Recently

FASB issues standard to improve interim reporting

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 FASB issues standard to improve interim reporting. Worth reviewing for potential client impact.

Summary

The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of interim disclosures that are required in interim financial statements.

Classification

Category: fyiPriority: importantReason: Contains 'update' - significant update

Affected Groups

All tax practitioners

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article