FASB releases income tax disclosure standard
Accounting Today
Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professional
The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies, and more of today’s top stories.?
Sign up here to receive Accounting Today's Daily Newsletter — delivered to your inbox every morning.
The ASU requires consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction.
In other news today:
This will be the first reorganization for the Internal Revenue Service in over 20 years and reflects the new transformation goals underway at the agency.
The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.
What good is a door you don't close? What's the point of going through all the trouble of having a secure space if someone can just walk right in?
The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.
The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.