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FASB Sets Out Plan to Improve Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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FASB Issues Standard That Enhances Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

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Guide to accountant responsibilities

ThomsonReuters

Furthermore, accountants are increasingly focusing on a particular vertical or niche to further boost their competitive edge. CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients.

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Friday Footnotes: More Layoffs at KPMG; PwC Offers AI for Dummies; DEI Initiatives are MIA | 6.21.24

Going Concern

Practice Accounting Guidance for ESG Projects & AI Usage in Auditing [ Resourceful Finance Pro ] In a matter of months, companies will possess first-ever guidelines for environmental credit accounting. Public and private firms will be required to follow one model for marking down projects like carbon dioxide offsets.

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