The FASB issued Accounting Standards Update (ASU) No. 2019-07, Codification Updates to SEC Sections, Amendments to SEC Paragraphs Pursuant to SEC Final Rule Release No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization, and Miscellaneous Updates. ASU 2019-07 amends certain paragraphs within the SEC sections of the FASB’s Accounting Standards Codification to reflect previously issued SEC rules updating and simplifying disclosure requirements. Other miscellaneous changes were made to update language and cross-references, as necessary.
The full text of the ASU is available here.
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