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Deloitte comments on FASB's proposed changes to income taxes disclosure requirements

Published on: May 31, 2019

Deloitte & Touche LLP comments on the FASB's revised proposed Accounting Standards Update (ASU), "Changes to the Disclosure Requirements for Income Taxes."

An excerpt from the comment letter is shown below:

We support the FASB’s ongoing efforts to improve the effectiveness of disclosures in the notes to the financial statements, but believe that the proposed changes to the disclosure requirements would only result in marginal improvements to existing disclosures. We also have questions about the usefulness of certain aspects of the proposed disclosures, and have identified other areas where more clarification may be needed.

For more information, see the full text of the comment letter which is available below.

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