FASB Issues Invitation to Comment on Its Future Standard-Setting Agenda

The FASB has issued an invitation to comment (ITC), Agenda Consultation, to seek feedback on what its future agenda priorities should be. The ITC indicates that stakeholder feedback the Board received during its initial consultation outreach principally concerned the following topics:

• Disaggregation of financial reporting information.
• Emerging areas in financial reporting.
• Reduction of unnecessary complexity in current GAAP.
• Improvements to FASB processes.

Comments on the ITC are due by September 22, 2021. For more information, see the press release, FASB in Focus, and ITC on the FASB’s Web site.