ASU 2023-09: Navigating Key Changes and Enhancing Transparency in Income Tax Disclosures

December 4, 2025 11:00am ET

Keeping up with evolving income tax disclosure requirements can be challenging, especially with increasing demands for transparency and detail. Led by Tax Provision Director, Gary Kell, and Senior Manager, Jinal Hira, Exactera’s Tax Thursday Webinar, “ASU 2023-09: Navigating Key Changes and Enhancing Transparency in Income Tax Disclosures” will provide an in-depth look at the key changes introduced by ASU 2023-09, focusing on new disclosure requirements for the rate reconciliation and income taxes paid. We will examine how these updates enhance transparency, add greater detail to tax reporting, and influence financial statements. Through examples and practical guidance, we’ll also discuss implementation strategies, jurisdictional tax clarity, and best practices for seamless compliance. Earn one CPE credit for participating in this session.

**This CPE-eligible session was previously offered within the past year by Exactera. Participants who have attended the same course will not be eligible to submit CPE credits more than once.

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Learning Objectives

Explain the purpose and importance of ASU 2023-09 in promoting transparency and comparability in income tax disclosures.

Identify the key disclosure enhancements introduced, including new qualitative and quantitative requirements.

Understand the updated rate reconciliation rules for PBEs, including disaggregation thresholds and presentation formats.

Interpret the new requirements for income taxes paid, including jurisdictional-level breakdowns and disclosures.

Describe other notable changes, such as valuation allowance updates and state/local tax guidance.

Apply guidance using illustrative examples to understand real-world implications.

Evaluate the effective dates and transition methods available to reporting entities.

Assess implementation considerations, including data availability, system changes, and stakeholder readiness

Speakers

Gary Kell

Director, Tax Provision

Gary Kell has over 30 years of corporate tax experience, both in public accounting and publicly traded companies. Gary started his career at a then—"Big-6” firm and worked his way up the chain from senior to director at companies in the telecommunications, transportation, financial services, and pharmaceutical industries.

Jinal Hira

Senior Manager, Tax Provision

Jinal Hira is a Senior Manager with over 15 years of extensive experience in the tax field. She specializes in global tax provisions (ASC 740 analysis), Federal, multi-state, and international tax compliance, as well as transaction-related services and reporting. Prior to joining Exactera, Jinal has experience working at diverse private and public organizations, including Tata Consultancy Services (TCS), ADP, CIT, and Deloitte.