FASB Approves More Detailed Income Tax Reporting Standard for Public and Private Companies by Brent Leslie, CPA
Posted on October 31, 2023 by Brent Leslie
The Financial Account Standards Board (FASB) recently voted to approve a new accounting standard that will require U.S. businesses to disclose significantly more details about their global income tax liabilities beginning as early as 2025. The move is a part of the FASB’s larger effort to improve the effectiveness of disclosures in the financial statement […]