Posted on Thursday, December 1, 2022

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

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