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FASB IMPROVES ACCOUNTING FOR INVESTMENTS IN TAX CREDIT STRUCTURES
March 30, 2023
NORWALK, Connecticut, March 30 (TNSres) -- The Financial Accounting Standards Board issued the following news on March 29, 2023:

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the accounting and disclosures for investments in tax credit structures. The ASU is a consensus of the FASB's Emerging Issues Task Force (EITF).

The ASU allows reporting entities to elect to account for qualifying tax equity investme . . .

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