The FASB has released its investor outreach report for the year ended June 30, 2023. The
report notes that the purpose of the FASB’s investor outreach is to enhance its
standard-setting process by improving the usefulness of financial statement
information for investors. As part of this outreach, the Board seeks feedback from a
diverse range of investors, including buy-side portfolio managers, sell-side
analysts, accounting analysts, credit rating agency analysts, lenders, and other
capital providers. The report indicates that, in total, the Board entered into over
435 “investor interactions” over the past year.
The report also points out that the FASB has added three new members to its Investor
Advisory Committee (established in 2007), which “works closely with the FASB to
ensure that investor perspectives are effectively communicated to the FASB on a
timely basis in connection with the development of financial accounting and
For more information, see the press
release on the FASB’s Web site.