FASB Not-for-Profit Advisory Committee Holds March 2022 Meeting

At its March 31, 2022, meeting, the FASB’s Not-for-Profit (NFP) Advisory Committee discussed (1) NFP reporting of gifts-in-kind (FASB Accounting Standards Update No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets); (2) current research agenda projects; (3) the 2021 Invitation to Comment Agenda Consultation; (4) accounting for exchange-traded digital assets and commodities; (5) accounting for financial instruments with environmental, social, and governance–linked features; (6) accounting for regulatory credits; (7) implementation of other standards; and (8) current financial reporting issues related to COVID-19.