2.2 Entities
The guidance in this Roadmap applies to all entities. Generally, FASB Codification
guidance (i.e., ASC guidance) applies to both public business entities (including
SEC registrants) and private companies. SEC guidance applies to (1) SEC registrants
and (2) private companies that either have elected to apply such guidance or are
subject to it for other reasons (e.g., for the preparation of financial statements
that are included or incorporated by reference in an SEC registrant’s filing).