FASB’s Public Markets Advisory Committee Holds May 15 Meeting

The FASB’s Public Markets Advisory Committee (PMAC) met on May 15, 2025. Topics discussed at the meeting included the following:

• The FASB’s project on accounting for and disclosure of intangible assets, including the PMAC’s feedback on the Board’s December 2024 invitation to comment (ITC) Recognition of Intangibles.
• The FASB’s postimplementation review of its leasing standard (ASU 2016-02).
• Challenges with applying the debt and equity guidance in ASC 815-40.
• The definition of a public business entity.
• Various aspects of the Board’s January 2025 ITC Agenda Consultation.

The next PMAC meeting is scheduled for November 13, 2025. For more information about the May 15 meeting, see the meeting recap on the FASB’s Web site.