Understanding ASU 2023–09 for Banks

Join Elizabeth L’Hommedieu, Banking & Capital Markets tax sector deputy, and managing directors Sarah Gleason and Mike George from the Banking & Capital Markets tax practice as they share their insights on navigating these changes.

Key Discussion Points:

• Introduction to ASU 2023–09: Understand the new requirements for Public Business Entities (PBEs) effective in 2025, and what this means for banking institutions.
• Rate Reconciliation Challenges: Explore the complexities in determining the presentation of tax credits and unrecognized tax benefits.
• State Income Tax Disclosures: Get insights into the mechanics of state tax disclosure requirements and their implications.
• Adoption Guidelines: Find out about the options for retrospective or prospective application and how to prepare your organization.

Tune in to gain a deeper understanding of how ASU 2023–09 may impact financial reporting and the steps your organization needs to take.