FASB Releases Investor Outreach Report

The FASB has released its fourth annual investor outreach report for the fiscal year that ended on June 30, 2024. Over the past year, the FASB gathered input from more than 400 investors from various backgrounds, including buy-side, sell-side, accounting, and credit agency analysts and managers; lenders; and other capital providers, including venture capital and private equity firms. The report indicates that the priorities of such investors include “standard-setting projects that address digital assets; income tax disclosures; disaggregation of financial reporting information; accounting for environmental, social, and governance (ESG)-related transactions (e.g., environmental credits and ESG-linked financial instruments); intangible assets, including software; statement of cash flows; and financial key performance indicators (KPIs) or non-GAAP metrics.”

The report also details the structure and responsibilities of the FASB’s Investor Advisory Committee, 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 reporting standards.”

For more information, see the press release on the FASB’s Web site.