The Financial Accounting Standards Board (FASB) published a request for comment on proposed GAAP Taxonomy Improvements for the Proposed ASU—Financial Instruments-Credit Losses (Topic 326): Purchased Financial Assets. The proposed Update would require the application of that single accounting approach to all acquired financial assets (with exceptions) based on seasoning criteria. Comments are due by August 28, 2023.
Upcoming XBRL US Events
Standard Government Reporting Work Group Meeting
AI Meets Auditing: Build Smarter Accounting Estimates with Multi-Agent LLMs
Reporting Modernization Work Group Meeting
Communications & Services Steering Committee Meeting
Domain Steering Committee Meeting
States Step In: Corporate Climate Reporting
AI and Structured Data Forum: Optimizing Performance
