At its September 24, 2020, meeting, the FASB’s Financial Accounting Standards
Advisory Council (FASAC) discussed various topics that are important in the current
environment, including government assistance and impairment of nonfinancial assets.
In addition, the FASAC addressed whether improvements to the accounting for research
and development should be a priority for the FASB.
For more information, see the meeting recap on the FASB’s Web site.