United States

KPMG Comments on FASB Proposal about Disclosure Requirements for Income Taxes

Oct 03, 2016
From the Financial Reporting View

KPMG LLP recently commented on the proposed FASB ASU, Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes, in which the FASB proposed improvements to disclosures about income taxes to test the effectiveness of its proposed framework.

KPMG generally supports the Board’s objective to improve the effectiveness of financial statement disclosures by focusing on information that is most important to users, but commented on specific aspects of the proposal that the firm believes require clarification.

Read KPMG Comment Letter

Read Proposed FASB ASU