Accounting standard newly cited
Filing comparison
NORTHERN MINERALS & EXPLORATION LTD. cited accounting standard ASU 2023-08 for the first time in this filing series
The Company adopted ASU 2023-08 effective January 1, 2025.
Evidence
- Adopted
- 2023-08
- Adoption year stated
- 2025
- Contexts
- The Company adopted ASU 2023-08 effective January 1, 2025.
- New standards
- 2023-08
- Prior filed
- 2025-12-15
- Prior form
- 10-Q
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.