The Financial Accounting Standards Board ("FASB") issued a Q&A document regarding the application of the GAAP Financial Reporting Taxonomy for COVID-19-related disclosures. In the Q&A, the FASB addresses disclosures in the areas of (i) income and payroll taxes, (ii) loans, (iii) grants and (iv) pensions, as well as offering a holistic discussion of the COVID-19 pandemic.

Primary Sources

  1. FASB Q&A: Application of the Taxonomy for COVID-19 Pandemic and Relief Disclosures

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