The Financial Reporting Committee sets TEI’s advocacy agenda for tax-related financial reporting matters. The committee monitors developments and interacts with the FASB and other accounting standards-setting bodies around the world.
On May 30, 2023, TEI submitted comments to the FASB regarding its proposal to require companies to disclose disaggregated income tax information in financial statements. TEI noted its significant…
On November 17, 2022, TEI submitted comments to the IRS on proposed changes to Schedule UTP. The comments identified a variety of critical policy issues that must be evaluated in a thoughtful and…
On May 31, 2019, TEI submitted comments to the Financial Accounting Standards Board concerning proposed changes to the disclosure requirements for income taxes in ASC 740. TEI’s comments highlighted…
On January 8, 2018, TEI filed comprehensive comments with the Financial Accounting Standards Board regarding the proper financial statement treatment of two, newly enacted tax provisions. …
On March 30, 2017, members of TEI’s Financial Reporting Committee met with a delegation of FASB board members and staff, marking the first face-to-face meeting between TEI and the FASB and…
On December 12, 2016, TEI submitted a comment letter to the Financial Accounting Standards Board concerning proposed changes to the disclosure requirements in ASC 740 (accounting for income taxes).…
On August 14, 2015, TEI submitted comments to the FASB concerning proposed improvements to the employee share-based payment accounting rules—Topic 718. TEI’s comments focus on the FASB’s proposal to…
On May 18, 2015, TEI submitted comments to the Financial Accounting Standards Board concerning proposed updates to the FASB’s guidance on intra-entity asset transfers. While TEI commended the FASB…