Financial Accounting Standards Board

The Private Company Council (PCC) has published its first-ever PCC Annual Report, showcasing key accomplishments and activities from the past year. https://bit.ly/3DJN12n The current members of the PCC are as follows: Jere Shawver Michael Cheng Katina Curtis David Finkelstein, CPA, CGMA Brad Hendricks Autumn Hindman David Hoagland Robert Messer Holly Nelson David Pesce Adam Roark Doug Uhl, CPA

We need your input in setting the FASB’s future agenda priorities. In this brief video, FASB staff members discuss how you can share your views as part of our latest Agenda Consultation project. https://bit.ly/4i3K1wG

Join us today LIVE for a meeting of the Private Company Council (PCC) from 12:45 p.m.–3:50 p.m. EST. https://bit.ly/41FFefd If you are unable to attend the live meeting, a recording will be available on the FASB website.

In this video, Private Company Council Chair Jere Shawver highlights key discussions from the December 2024 meeting, including updates on agenda priorities and feedback provided to the FASB on ongoing projects. https://bit.ly/4jOmO2M

📢 Announcement: PCC Reappointments The Financial Accounting Foundation (FAF) Board of Trustees has reappointed Michael Cheng and Katherine (Katina) Curtis to second terms on the Private Company Council (PCC). Their three-year terms will begin on January 1, 2026, and run through December 31, 2028. We appreciate their dedication and ongoing contributions to the standard-setting process for private companies.

The Financial Accounting Standards Board (FASB) has published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda. Stakeholders are asked to review and provide comment by June 30, 2025. https://bit.ly/42iHx8T

🚨 Registration is Now Open: 2025 Emerging Financial Reporting Issues Research Symposium 🚨 Join us on Friday, April 4, 2025, at the FASB offices in Norwalk, CT, for a day of insightful discussions on the Statement of Cash Flows and Cash Flow Information, co-hosted by the FASB and the University of Chicago Booth School's Chookaszian Accounting Research Center. 📌 Highlights: ✅ Academic paper presentations with discussions by academics and standard setters ✅ Panel discussions featuring investors, regulators, and standard setters ✅ Optional welcome reception: Thursday, April 3, 2025 ⏳ Seats are limited to the first 50 registrants—don’t miss out! Register now: https://lnkd.in/efKGRP86

📢 Join the Livestream! 📢 Join us TODAY at 3:15pm EST for the open meeting of the Standard-Setting Process Oversight Committee of the Board of Trustees. Gain insights from key Chair reports including those from the Financial Accounting Foundation (FAF), the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), and the Private Company Council (PCC). 🔹 Watch live: https://lnkd.in/euQj8BCE 🔹 Can’t attend? A recording will be available afterward on the FAF website.

The Financial Accounting Standards Board (FASB) has published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on whether it should pursue a project on intangibles. Stakeholders are asked to review and provide comments on the ITC by May 30, 2025: https://bit.ly/4fsbnKV

FASB has published a proposed Accounting Standards Update intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations. The changes are expected to provide investors with additional decision-useful information by improving the (1) understandability of financial accounting and reporting information about environmental credits and environmental credit obligations and (2) comparability of that information by reducing diversity in practice. Stakeholders are encouraged to review and provide input on the proposed ASU by April 15, 2025. https://bit.ly/3VKtUuT