FASB Holds September 14 Meeting

At its September 14, 2022, meeting, the FASB made tentative decisions related to certain aspects of its project on joint venture formations and directed its staff to draft a proposed Accounting Standards Update for a vote by written ballot.

In addition, the Board held an educational session on the accounting for leases between entities under common control to address private-company stakeholders’ concerns. No decision were made.

For more information, see the meeting handout on the FASB’s Web site.