The FASB proposed incorporating several SEC disclosure requirements into US GAAP in response to a request from the SEC. The proposal would add interim and annual disclosure requirements to a variety of topics in the Accounting Standards Codification, including those focusing on accounting changes, earnings per share, business combinations, foreign currency matters, and derivatives and hedging. The proposal would require public entities to move certain disclosures that aren’t audited today into the audited financial statements. The proposal would require nonpublic entities to make certain additional disclosures that they did not have to previously make. Comments are due by 28 June 2019.
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