This strategic move aligns with the Financial Accounting Standards Board's (FASB) issuance of Accounting Standards Update (ASU) 2023-08, titled“Intangibles-Goodwill and Other-Crypto Assets (Subtopic ...
The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.
The guidance is intended to improve and clarify current guidance as opposed to fundamentally changing the nature of guidance in FASB ASC Topic 270, Interim Reporting.