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Because ASC 230 is largely principles-based, financial statement preparers must exercise significant judgment when classifying certain cash receipts and payments in their statement of cash flows. Given the lack of prescriptive rules, cash flow presentation continues to challenge financial statement preparers, as noted in recent statements made by regulators. As a result, the FASB has continued to

This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on the statement of cash flows, primarily that in ASC 230. The accounting principles related to the statement of cash flows have been in place for many years; however, errors in the statement of cash flows continue to be causes of restatements, and registrants continue to receive comments from the SEC sta

This publication addresses questions that have arisen in practice related to the accounting for transferable tax credits by entities that generate such credits as well as those that purchase them.

On June 26, 2025, the SEC held a roundtable to consider whether the current disclosure requirements related to executive compensation achieve the Commission’s objectives.