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Inside GASB's far-reaching agenda

Accounting Today

Most of the questions deal with Statement 103 , the financial reporting model improvements standard that GASB issued last year, which will take effect in 2026. Digital reporting GASB is also continuing to work on a digital taxonomy of its standards, known as the Voluntary Digital Financial Reporting Project.

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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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