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Journal of Accountancy · Recently
FASB proposes several incremental improvements to GAAP
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 FASB proposes several incremental improvements to GAAP. Worth reviewing for potential client impact.
Summary
In addition to language tweaks, the proposed Accounting Standards Update includes clarifications related to estimates of expected credit losses and several other topics.
Classification
Category: fyiPriority: importantReason: Contains 'update' - significant update
Applies To
payroll
Affected Groups
Payroll/employment tax specialists
Related Topics
Original Source
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