FASB approves tax credit amortization change
The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.
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The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x Quarterly Report pursuant to Section 13 or 15 of the... | September 19, 2022
Columnist emeritus Paul Miller returns for another installment of “The Spirit of Accounting” to ask if standard-setting should be taken out of accountants’ hands.
<h3><span>Introduction</span></h3> <p><span>In June 2021, the Financial Accounting Standards Board (“FASB”) staff published an Invitation to Comment, <i>Agenda Consultation</i> (“ITC”), to solicit broad stakeholder feedback about the FASB’s standard-setting process and its future standard-setting agenda. In addition to feedback sought through the ITC, the development of the ITC itself involved significant outreach by the FASB staff and Board members to a cross-s...
<h2><span style="font-size: small;">Introduction<a name="_ednref1" href="https://www.sec.gov/news/statement/munter-oca-2021-12-06?utm_medium=email&utm_source=govdelivery#_edn1">[1]</a></span></h2> <p><span style="font-size: small;">The events of the past year bring to mind the old saying that “change is the only constant in life.” Our capital markets continue to evolve and adapt in response to changes in the economic environment, investors’ needs for new types ...