Unique Effective Date Challenge Posed for Private Companies on Coming FASB Rules on ...

TL;DR

Denise Lugo  Editor, Accounting and Compliance AlertDenise Lugo  Editor, Accounting and Compliance AlertPrivate companies will not know when coming FASB disclosure rules that are aimed at incorporating certain SEC disclosures into U. If there are any disclosures that the SEC does not remove by June 30, 2027, for example, the FASB amendments will expire and the disclosures will not become effective, and which point the board will have to revisit the topic. ”Rules Won’t be Onerous but Two Disclosures FlaggedIn general, the disclosures appear to be operable and would not be onerous or costly to prepare, several PCC members said

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