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FASB Releases 2024 GAAP Taxonomy

December 18, 2023 The Financial Accounting Standards Board recently announced the availability of the 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”).

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FASB Issues Standard on Income Tax Disclosures

December 14, 2023 The Financial Accounting Standards Board recently issued an Accounting Standards Update that addresses requests for improved income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions.

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FASB Issues New Segment Reporting Guidance

November 27, 2023 The Financial Accounting Standards Board recently issued a final Accounting Standards Update intended to improve disclosures about a public entity’s reportable segments and address requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.

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Implementing AI in Financial Audits

November 15, 2023 As we navigate an environment with rapidly changing technological advancements, the audit world will need to integrate artificial intelligence (AI) into its approach to enhance accuracy, efficiency and insight.

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