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
Center for Data Quality Committee Meeting
Quarterly versus Semiannual – Implications of SEC Rule Amendments
Reporting Modernization Work Group Meeting
Domain Steering Committee Meeting
Communications & Services Steering Committee Meeting
Standard Government Reporting Work Group Meeting
