Tag Archives: tax reform

FASB: Private Companies, Nonprofits Can Apply Recent SEC Staff Bulletin

The Financial Accounting Standards Board has issued a staff Q&A signaling that it would not object to private companies and not-for-profit organizations applying a recent Securities and Exchange Commission staff accounting bulletin that addresses several key financial reporting issues that resulted from the tax reform bill.

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FASB to Meet on Tax Reform Accounting Issue Raised by ABA

In response to the American Bankers Association’s letter to the Financial Accounting Standards Board on the unexpected consequences that tax reform will have on regulatory capital, FASB has agreed to address the issue during its upcoming meeting on January 10. 

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