Heads Up: FASB Proposes Amendments to Subsequent-Events Disclosure RequirementsVolume 17, Issue 1 |
The attached issue of Heads Up discusses the FASB’s recently issued exposure draft of a proposed Accounting Standards Update, Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements. The proposal would (1) exempt entities that file their financial statements with, or furnish them to, the SEC from disclosing the date through which subsequent-events procedures have been performed and (2) clarify the circumstances in which an entity’s financial statements would be considered restated and in which the entity would therefore be required to update its subsequent-events evaluation since the originally issued or available to be issued financial statements.
Read more in the file attached below or visit the Heads Up Archive for past issues.
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