FASB seeks input on proposed GAAP taxonomy improvements

Posted on January 7, 2024 by Editor

The US Financial Accounting Standards Board (FASB) has released proposed GAAP Taxonomy Improvements for public comment.

The latest proposed Accounting Standards Update (ASU) focuses on Debt with Conversion and Other Options (Subtopic 470-20), specifically addressing Induced Conversions of Convertible Debt Instruments. Detailed release notes have been published for public scrutiny.

Stakeholders and interested parties are invited to provide feedback on the proposed improvements by 18 March 2024. Comments can be submitted via email to [email protected].