KPMG report: SEC comments on accounting for income taxes
Examples of comments about accounting for income taxes recently issued by the U.S. Securities and Exchange Commission
Recent comments from regulators and standard setters may help registrants identify areas for improvements in existing income taxes disclosures in order to provide more robust and relevant information to investors and users of the financial statements.
Read a January 2025 report prepared by KPMG LLP that summarizes certain comments about accounting for income taxes made by representatives of the U.S. Securities and Exchange Commission (SEC) during conferences and provides examples of comments related to income taxes recently issued by the SEC to registrants.