ASU 2023-09 Compliant Disclosures — Income Tax Disclosure Automation

ASU 2023-09 Requirements

FASB ASU 2023-09 overhauls income tax disclosures for public filers. Companies must present tabular rate reconciliation across prescribed categories, separately disclose items exceeding 5% of statutory-rate amount, disaggregate cash taxes paid by jurisdiction, and add qualitative context. Effective for fiscal years beginning after December 15, 2024.

Deterministic Compliance

DisclosureIQ performs deterministic transformation: rolls adjustments into required ASU categories, splits pre- and post-apportionment state effects, identifies foreign jurisdictions crossing the 5% threshold, and produces tabular reconciliation in both percentage and dollar formats.

Audit Trail

Every output line traces back to its source workpaper. Auditors can validate the entire chain without additional prep.