The Financial Accounting Standards Board (FASB) added new disclosure requirements for buyers of goods and services intended to increase transparency about how they use supplier finance programs.

FASB’s latest accounting standards update—ASU 2022-04, Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations—was issued Sept. 29.

Learn More
Already a member? Sign in to an existing account.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....