NAA2208. FASB Update

To submit a question or participate in polling, click the link above. The FASB develops standards that work today and for the future. The Board does this by engaging in robust research, developing standards that can evolve to meet future needs, and providing implementation support. During this session, we will identify the ways in which the FASB is supporting implementation of its standards through its post-implementation review activities. We also will discuss the results of the FASB’s Agenda Consultation research project and current FASB agenda projects aimed at ensuring high-quality standards in the future.

Learning Objectives:

• Distinguish how the FASB is supporting implementation of accounting standards through post-implementation review activities
• Identify the projects that the FASB is currently working on
• Recognize standards recently issued by the FASB