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CPA Practice Advisor · Dec 17, 2025

FASB OKs Improvements to Accounting Standards Codification

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 FASB OKs Improvements to Accounting Standards Codification. General industry update.

Summary

The new standard issued on Dec. 17 focuses on updating the FASB Accounting Standards Codification for a variety of topics, including technical corrections, unintended application of the Codification, clarifications, and other improvements.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

payroll

Affected Groups

Payroll/employment tax specialists

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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