NEWS & MEDIA

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Financial Accounting Standards Advisory Council

Norwalk, CT, March 31, 2023—The Financial Accounting Standards Advisory Council (FASAC) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics.

Meeting Recap
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FASB Improves Accounting for Investments in Tax Credit Structures

Norwalk, CT, March 29, 2023—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the accounting and disclosures for investments in tax credit structures. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF)....

Media Advisory | ASU 2023-02
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FASB Improves Leases Guidance on Related Party Arrangements between Entities under Common Control

Norwalk, CT, March 27, 2023—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the guidance for applying Topic 842, Leases, to arrangements between entities under common control....

Media Advisory | ASU 2023-01
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FASB Announces Winner of 2023 Emerging Scholar Award

Norwalk, CT, March 24, 2023—The Financial Accounting Standards Board (FASB) is pleased to announce the selection of Rachel Scott, a doctoral student in accounting at the University of Georgia, as the recipient of its 2023 Emerging Scholar Award....

Media Advisory
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FASB Seeks Public Comment on Proposed Improvements to the Accounting for and Disclosure of Certain Crypto Assets

Norwalk, CT, March 23, 2023—The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. Stakeholders are encouraged to review...

Media Advisory | Exposure Document | Video
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SEC Accepts 2023 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy

Norwalk, CT, March 21, 2023—The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”)....

Media Advisory
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FASB IN FOCUS/FACT SHEETS

FASB in Focus/Fact Sheets deliver a concise summary of major initiatives, focusing on impact to users.

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PRESENTATIONS & SPEECHES

FASB representatives travel around the world to update stakeholders on important initiatives and their impact to business.

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IN THE NEWS. . .

Archive of FASB announcements categorized by year.

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VIDEO & PODCASTS

Video and podcasts featuring FASB leaders addressing key projects.

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