Aug 17, 2015
From the Financial Reporting Network
KPMG LLP recently commented on the proposed FASB ASU, Improvements to Employee Share-Based Payment Accounting, which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. KPMG supports simplifying the accounting for share-based payments and generally agrees with the specific proposals. The firm provided suggestions to enhance the forthcoming ASU, and suggested that the Board develop a broader strategy to address complexity in financial reporting.