FASB’s Investor Advisory Committee Holds May 16 Meeting

The FASB’s Investor Advisory Committee (IAC) held a meeting on May 16, 2024. Topics addressed at the meeting included the following:

• Emerging issues and trends, including “the effect of hyperinflation on a company’s financial results; disclosures related to interest rate risk, deposits, and hedging; shortfalls of acquisition accounting; and emerging accounting issues related to the rise of the private credit market.”
• Updates on current FASB projects, including the accounting for environmental credit programs, the accounting for government grants, and improvements to reportable segment disclosures.
• The FASB’s proposed Accounting Standards Update on disaggregation of income statement expenses.
• Issues related to the accounting for and disclosure of software costs.
• The Board’s research project on the accounting for and disclosure of intangible assets.

The next IAC meeting is expected to be held in the second quarter of 2024. For more information, see the meeting recap on the FASB’s Web site.