Heads Up — Don’t Let the Sun Go Down on Thee — FASB Defers Sunset Date of ASC 848

Published on: 21 Dec 2022

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2022-06, Deferral of the Sunset Date of Topic 848, which defers the sunset date of the guidance in ASC 848 on reference rate reform to December 31, 2024. The ASU became effective upon issuance.


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