In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receiva
The Uniform Guidance (UG)—published by the Office of Management and Budget (OMB) in 2014 and now codified at 2 CFR Part 200—was intended to standardize administrative requirements,
In December 2023, the FASB issued ASU 2023-09, which amends ASC 740, Income Taxes, to enhance the transparency and disaggregation of income tax disclosures.
