FASB Issues Two Proposed ASUs in Response to EITF Consensuses
Published on:
21 Feb 2013
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Today, the FASB exposed the following two proposed ASUs for public comment in response to consensuses-for-exposure reached at the EITF’s January meeting (see Deloitte’s January EITF Snapshot for more information):
- Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.
- Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward or Tax Credit Carryforward Exists.
Comments on each proposal are due by April 22, 2013.
