FASB Holds August 31 Meeting

At its August 31, 2022, meeting, the FASB discussed the staff’s outreach on an agenda request related to “a perceived lack of certain disclosures related to the use of bank credit and services.” However, the Board decided not to add a project on this topic to its agenda.

In addition, the Board discussed the scope of its project on accounting for and disclosure of crypto assets (formerly accounting for and disclosure of digital assets) and outlined specific criteria an entity would need to meet to be within the project’s scope.