A Mixed Bag of Registrant Responses
What remains murky for now is how registrants will ultimately characterize the impact of ASU 2023-09. Some, like Jacobs Solutions Inc., have flagged internal control and process changes. Others, such as ZoomInfo and Fresh Del Monte, downplayed the materiality of the impact on financials while acknowledging notable disclosure changes ahead.
This variability could narrow as companies near their first filing deadlines under the new standard. Still, the initial disclosures suggest a wide latitude in how companies are interpreting “material impact,” particularly in the gray zone between compliance costs and disclosure details.
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