Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.
Wednesday, April 20, 2022 FASB Board Meeting
Consolidation reorganization and targeted improvements. The Board discussed feedback received in response to the 2021 Invitation to Comment, Agenda Consultation, on (1) the current project to reorganize the guidance in Topic 810, Consolidation, and (2) the consolidation guidance more broadly. On the basis of this feedback, the Board decided to remove the project from its technical agenda. Additionally, the FASB chair added a project, Consolidation for Business Entities, to the FASB research agenda. That research project will explore whether a single consolidation model could be developed for business entities.