The Financial Accounting Standards Board (FASB) has issued for comment proposed GAAP Taxonomy Improvements to address the proposed Accounting Standards Update on accounting for leases between entities under common control: Leases (Topic 842) – Common Control Arrangements. Comments must be submitted by January 26, 2023.
Read the release notes.
Read the announcement for information on how to submit comments: FASB Staff Issues Proposed GAAP Taxonomy Improvements for Proposed ASU on Leases Common Control Arrangements
