SBAC Holds May 2023 Meeting June 9, 2023 The Small Business Advisory Committee (SBAC) held a virtual meeting with the FASB on May 18, 2023. Topics discussed at the meeting included: Changing business practices and emerging accounting issues. Improvements to income tax disclosures. Accounting for and disclosure of crypto assets. Accounting for and disclosure of software costs. For more information, see the meeting recap on the FASB’s Web site.