Exposure Drafts/consultation papers – India and international

Updates from FASB

Proposed Accounting Standard Update (ASU) to clarify accounting related to profits interest awards

Recently, the Financial Accounting Standards Board (FASB) proposed an ASU intended to improve Generally Accepted Accounting Principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as a share-based payment arrangement within the scope of Topic 718, Compensation – Stock Compensation.

The ASU is open for comments up to 10 July 2023.

To access the text of the ASU, please click here