FASB Holds April 22 Meeting

At its April 22, 2026, meeting, the FASB discussed whether to add to its agenda several projects on which it had received feedback as part of its 2025 agenda consultation: (1) certain aspects of the definition of a public business entity (PBE), (2) the use of the portfolio layer method in a fair value hedge, and (3) targeted improvements to the statement of cash flows. Specific decisions made at the meeting included the following:

• The FASB staff was asked to conduct additional research related to the effects of including nonissuer broker-dealers in the definition of a PBE. However, the Board decided not to pursue projects related to (1) changing the current definitions of public entity and nonpublic entity in the Codification and (2) the “file and furnish” and “conduit bond obligor” criteria of the PBE definition.
• The Board decided to add to its agenda a project on extending the portfolio layer method to liabilities in a fair value hedge.
• On the basis of feedback received as part of its agenda consultation, the Board decided to remove the project on targeted improvements to the statement of cash flows from its agenda.