United States:
FASB Issues Q&A On Application Of GAAP Taxonomy For Disclosures
29 June 2020
Cadwalader, Wickersham & Taft LLP
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The Financial Accounting Standards Board ("FASB") issued a Q&A document regarding the
application of the GAAP Financial Reporting Taxonomy for
COVID-19-related disclosures. In the Q&A, the FASB addresses
disclosures in the areas of (i) income and payroll taxes, (ii)
loans, (iii) grants and (iv) pensions, as well as offering a
holistic discussion of the COVID-19 pandemic.
Primary Sources
- FASB Q&A: Application of the Taxonomy for
COVID-19 Pandemic and Relief Disclosures
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