The Financial Accounting Standards Board (FASB) says there is a great diversity of practice in how to account for modifications to the terms or conditions of share-based payment awards. There is also confusion over what exactly is meant by "modify." As a result, the FASB released a new Accounting Standards Update, ASU 2017-09, designed to clear up the ambiguities.
Separately, the FASB issued an Invitation to Comment on Efficiency and Effectiveness of GAAP Financial Reporting Taxonomy. Comments are due June 15.
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