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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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