KPMG report: Recent SEC and FASB comments on accounting for income taxes

Examples of comments about accounting for income taxes recently issued by the SEC to registrants

Examples of comments about accounting for income taxes recently issued by the SEC

Certain comments about accounting for income taxes were made by representatives of the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) during the “2021 AICPA & CIMA Conference on Current SEC and PCAOB Developments.”

Recent comments from regulators and standard setters may help issuers identify areas for improvements in existing income taxes disclosures in order to provide more robust and relevant information to investors.

Read a January 2022 report [PDF 151 KB] that provides examples of comments about accounting for income taxes recently issued by the SEC to registrants: What’s News in Tax: Recent SEC and FASB comments on accounting for income taxes

 

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