During the fourth quarter of the 2022 calendar year, the Financial Accounting Standards Board (FASB) issued three accounting standards updates on the following topics:
The Emerging Issues Task Force (EITF) reached consensus to expand the use of the proportional amortization method to more investments in income tax credit programs.
The FASB also issued three new proposals on the following topics:
The Securities and Exchange Commission (SEC):
This report also covers updates from the PCAOB, the Center for Audit Quality, and the Governmental Accounting Standards Board.