Wednesday, December 19, 2018 - Tuesday, February 19, 2019 (30 & 60 days)
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB || Read the Release Notes

Process Improvement
Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy.

FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Updates – Intangibles, Business Combinations and Codification Improvements for Lessors

The Financial Accounting Standards Board (FASB) staff recently issued for comment, proposed Taxonomy improvements for the following proposed Accounting Standards Update:

  • Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangible Assets to Not-for-Profit Entities (Release Notes) – comment period ends February 18,2019
  • Leases (Topic 842): Codification Improvements for Lessors (Release Notes) – comment period ends January 15,2019

Interested parties may provide comments on the proposed Taxonomy Improvements by sending their comments to