Media Advisory 05-12-22

Registration Opens for June 20 FASB Webcast for Private Companies & Not-for-Profit Organizations


Participants in Live Webcast Eligible for Up to 2.5 CPE Credits

Norwalk, CT—May 12, 2022—Registration is now open for an upcoming webcast that will provide a semi-annual update on the Financial Accounting Standards Board’s (FASB) standard-setting activities pertaining to private companies and not-for-profit organizations. The webcast, titled IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations, will take place on Monday, June 20, 2022 from 1:00 to 3:05 p.m., Eastern Daylight Time.

Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 2.5 hours of Continuing Professional Education (CPE) credit. (CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature FASB Vice Chairman Jim Kroeker and FASB Member Marsha Hunt; Private Company Council (PCC) Member Paul Hensley; FASB Assistant Director—Nonpublic Entities Jeff Mechanick; FASB Supervising Project Managers Jenifer Wyss and Jeff Gabello; and FASB Postgraduate Technical Assistants Hannah Grosel and Sarah Wasikowski.

Topics of discussion will include: 

  1. Overview of FASB’s current agenda, status of certain projects, and the relationship of the FASB’s current agenda to its mission 
  2. Update on the FASB’s Agenda Consultation research project 
  3. Update on leases and credit losses implementation and post-implementation review activities
  4. Government assistance, including reporting of COVID-19-related Federal assistance and government assistance disclosures by business entities, and the FASB’s research project on accounting for government grants, invitation to comment
  5. PCC/private company efforts
  6. Not-for-profit (NFP) update
  7. Update on FASB current projects such as the goodwill and intangible assets project
  8. Audience question-and-answer session.
An archive of the webcast will be available on the FASB website after the live event. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the webcast, visit www.fasb.org.

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector 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 www.fasb.org.
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