To the Point - FASB proposes modifying the disclosure requirements for interim financial reporting


Our publication summarizes the FASB’s proposal to amend ASC 270 to require disclosure at interim periods when a significant event or transaction that has a material effect on an entity has occurred since the prior year-end. The proposal would also clarify (1) the form and content of interim financial statements and notes in accordance with US GAAP and (2) when comparative disclosures are required. Comments are due by 31 January 2022.

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