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 (PBEs) (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).