The FASB has issued an Accounting Standards Update (ASU), Codification Updates to SEC Sections — Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization, and Miscellaneous Updates (SEC Update).
The ASU aligns the guidance in various SEC sections of the Codification with the requirements of certain SEC final rules.
For more information, see the ASU on the FASB’s Web site.