FASB Staff Proposes Taxonomy Enhancements Related to Interim Reporting and Government Grants

The FASB has released proposed GAAP taxonomy enhancements related to the following recently issued proposed Accounting Standards Updates:

• Interim Reporting (Topic 270): Narrow-Scope Enhancements (see release notes).
• Government Grants (Topic 832): Accounting for Government Grants by Business Entities (see release notes).

Comments on both sets of taxonomy improvements are due by March 31, 2025.