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FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative

CPA Practice

33-10532, Disclosure Update and Simplification , issued August 17, 2018, the SEC referred certain of its disclosure requirements that overlap with, but require incremental information to, generally accepted accounting principles to the FASB for potential incorporation into the Codification. In SEC Release No.

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

With nearly 20 years of industry experience, Jeanne leads the Not-for-Profit practice at Anders, working with organization leadership, executive directors and board members to help them better understand the financial reporting process. As one of the six new NAC members, Jeanne will serve a four-year term ending on December 31, 2027.

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The Rundown: Third Quarter 2023

Cherry Bekaert

The SEC staff’s view is that equity-classified share-based awards with employees are not subject to Accounting Series Release (ASR) No. 268, Presentation in Financial Statements of “Redeemable Preferred Stocks” solely due to a provision in the instrument designed to satisfy the employer’s statutory withholding requirements.