FASB releases income tax disclosure standard
Accounting Today
DECEMBER 14, 2023
The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.
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Accounting Today
DECEMBER 14, 2023
The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.
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FEBRUARY 27, 2024
On December 14, 2023, the Financial Accounting Standards Board (FASB) expanded income tax disclosure requirements for public and private companies. The expanded disclosure requirements are detailed in Accounting Standards Update No. 2023-09 (ASU 2023-09) and increase transparency of a filer’s global taxes.
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The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.
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