Media Advisory 10/18/16


Norwalk, CT, October 18, 2016—Registration is open for two upcoming public roundtable meetings addressing the Financial Accounting Standards Board’s (FASB) Proposed Accounting Standards Update (ASU), Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.

The purpose of the roundtables is to provide an opportunity for those who have submitted a comment letter on the Proposed ASU to discuss their feedback with the FASB. The Board is seeking participation from financial statement users, preparers, auditors, and others across all industries. In order to participate, a comment letter must be submitted by Friday, November 4, 2016.

Those interested in participating in one of the roundtables should register online by Friday, November 4, 2016. Nonparticipating observers should register in advance (seating is available on a first-come, first-served basis) by Friday, November 18, 2016.

There will be two sessions which will take place on Friday, December 2, 2016, at the FASB offices at 401 Merritt 7, Norwalk, CT 06856. Depending on stakeholder feedback, the Board will be considering whether one of the roundtables should focus more on nonfinancial risks. The meeting will be audio webcast and archived on the FASB website for 30 days following the meeting.

Session 1 time: 9:00 a.m.—12:00 p.m. EST

Session 2 time: 1:00 p.m.—4:00 p.m. EST

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit