FASB Staff Proposes GAAP Taxonomy Improvements Related to Proposed ASU

The FASB staff has proposed taxonomy improvements related to its proposed ASU, Financial Services—Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.

Comments on the proposal are due by October 6, 2022. For more information, see the release notes on the FASB’s Web site.