FAF Issues 2020 Annual Report

The Financial Accounting Foundation (FAF) has released its 2020 annual report.

The report highlights the standard-setting activities of the FASB and GASB in 2020 and details how the boards worked “to reduce the impact of the COVID-19 pandemic by providing technical assistance, delaying standard implementations, and always ensuring stakeholder needs were the top priority.” For more information, see the press release on the FAF’s Web site.