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Chapter 10 — Stakeholder Activities

10.2 FASB Activities

10.2 FASB Activities

This Roadmap discusses the FASB’s standard setting through May X, 2024, including the Board’s proposed ASU on PFAs (issued on June 27, 2023).

Footnotes

2
SEC Regulation S-K, Item 10(f)(1), defines an SRC, in part, as:
[A]n issuer that is not an investment company, an asset-backed issuer (as defined in § 229.1101), or a majority-owned subsidiary of a parent that is not a smaller reporting company and that:
(i) Had a public float of less than $250 million; or
(ii) Had annual revenues of less than $100 million and either:
(A) No public float; or
(B) A public float of less than $700 million.
3
The ASC master glossary defines an SEC filer as follows:
An entity that is required to file or furnish its financial statements with either of the following:
a. The Securities and Exchange Commission (SEC)
b. With respect to an entity subject to Section 12(i) of the Securities Exchange Act of 1934, as amended, the appropriate agency under that Section.
Financial statements for other entities that are not otherwise SEC filers whose financial statements are included in a submission by another SEC filer are not included within this definition.