United States:
FASB Proposes Implementation Guides For 2021 U.S. GAAP Financial Reporting Taxonomy
01 March 2021
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Financial Accounting Standards Board ("FASB") proposed two Implementation Guides for the
2021 U.S. GAAP Financial Reporting Taxonomy. The first guide provides examples to aid users in
understanding the disclosure models of consolidated and
nonconsolidated entities. The second guide provides examples to aid users in
understanding the structuring of accounting changes within the
taxonomy.
Comments on the first guide must be submitted by March 3, 2021,
and comments on the second guide must be submitted by March 12,
2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Accounting and Audit from United States
The Importance Of Forensic Accounting In 2024
Bennett Thrasher
Forensic accounting is a specialized field within accounting that involves the utilization of investigative techniques to uncover financial discrepancies, fraud, or other irregularities...
SEC Accounting Standard Setting Statement
Mayer Brown
The SEC's Chief Accountant Paul Munter, released a statement "Accounting Standard Setting in a Rapidly Evolving Business Environment: A Focus on the Timely Delivery of Investor Priorities,"...
