FASB Makes Codification Improvements

The FASB has issued Accounting Standards Update (ASU) 2025-12, Codification Improvements. The ASU’s purpose is to update “the FASB Accounting Standards Codification® for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements.”

For more information, see the press release on the FASB’s Web site.