Standard setters issue proposed standards as exposure drafts. Interested parties are encouraged to review and respond to these proposals.
Illinois CPA Society volunteer committees often respond to exposure drafts via comment letters.
Comment Deadline: October 3, 2025
Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter
Comment Deadline: August 31, 2021
Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter
Comment Deadline: June 21, 2022
Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter
Comment Deadline: August 7, 2023
Comment Deadline: February 20, 2023
Comment Deadline: May 30, 2023
ICPAS Comment Letter:
Accounting Standards Update 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures
Comment Deadline: May 31, 2024
ICPAS Comment Letter:
Review of the Private Company Council
Comment Deadline: July 10, 2024
ICPAS Comment Letter:
Compensation—Stock Compensation (Topic 718)
Comment Deadline: June 6, 2023
ICPAS Comment Letter:
Accounting for and Disclosure of Crypto Assets
