FASB Staff Proposes Taxonomy Improvements Related to Proposed ASU on Cash Equivalents

The FASB staff has released proposed GAAP taxonomy improvements related to its recently issued proposed Accounting Standards Update (ASU) Statement of Cash Flows (Topic 230): Cash Equivalents — Disclosure Enhancement and Evaluation of Certain Digital Assets. The enhancements will go into effect provided that the proposed ASU is finalized.

Comments on the proposed taxonomy improvements are due by November 19, 2026. For more information, see the release notes on the FASB’s Web site.