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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.
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