NAA2511. Understanding Required Income Tax Disclosures and How to Gain Assurance Over Their Accuracy

This presentation will discuss ASU 2023-09 issued in December 2023. We will discuss its origin and the various refinements on its journey to its final issuance. Additionally, we will discuss the application of the disclosures to various stakeholders. Finally, the session will include a discussion on process and control updates and communications with company leadership.

Learning Objectives:

• Recognize the new reporting requirements under ASU 2023-09.
• Analyze potential new processes and internal controls to comply with ASU 2023-09.
• Determine communications strategies about the new reporting requirements to be prepared for investor relations with senior leadership and the audit committee.