The FASB’s Financial Accounting Standards Advisory Council (FASAC) held its quarterly
meeting on September 21, 2023. Topics discussed at the meeting included (1) the
FASB’s proposed Accounting Standards Update on disclosures about disaggregation of
income statement expenses; (2) the FASB’s standard-setting process, including how
the Board conducts cost-benefit analyses of amendments it makes to its accounting
standards; and (3) an update on the Board’s recent decisions in its project on
improvements to income tax disclosures.
The next FASAC meeting (virtual only) is scheduled for December 12, 2023. For more
information, see the meeting recap on the FASB’s Web site.