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ASU 2023-09 Income Tax Disclosures

Dec 19, 2023 · 1 min read

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On December 14, 2023, the FASB issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in ASU 2023-09 require greater disaggregation of income tax disclosures related to the income tax rate reconciliation and income taxes paid. In addition, the amendments require:

  • Disclosure of income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign; and,

  • Disclosure of income tax expense (or benefit) from continuing operations disaggregated

Download the CPEA alert - December 2023 - ASU 2023-09 Income tax disclosures

File name: cpea-alert-december-2023-asu-2023-09-income-tax-disclosures.pdf

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