FASB Holds November 6 Meeting

At its November 6, 2024, meeting, the FASB decided to extend the comment periods for its proposed Accounting Standards Updates related to several projects. Specifically, the new comment deadlines will be:

• March 31, 2025, for the proposals on (1) narrow-scope improvements to the interim reporting requirements and (2) the accounting for government grants.
• April 15, 2025, for the proposal on the accounting for environmental credit programs.

For more information, see the tentative Board decisions on the FASB’s Web site.