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FASB Streamlines Income Tax Accounting

Recently, FASB issued a new Accounting Standards Update (ASU 2019-12), Simplifying the Accounting for Income Taxes. The new standard amends section 740 of the Accounting Standards Codification (ASC), eliminating some problematic exceptions and technicalities.Related Posts:How finance teams can say goodbye to manual processes and hello to automation CPAs hoping the new […]