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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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