FASB Posts Highlights of PMAC’s May 14 Meeting

The FASB’s Public Markets Advisory Committee (PMAC) held a meeting on May 14, 2026. Topics addressed at the meeting included:

• Challenges and complexities associated with the FASB’s current indexation guidance related to debt and equity in ASC 815-40.
• The FASB’s project on classifying certain digital assets (e.g., stablecoins) as cash equivalents, including potential enhancements to disclosures in this area.
• The FASB’s project on clarifying the derecognition guidance related to crypto asset transfers.
• Challenges in practice with the FASB’s current consolidation guidance, especially the variable interest entity model.
• Potential improvements to the hedge accounting model, including aligning “hedge accounting with companies’ risk management practices.”
• Targeted improvements to the guidance on the equity method of accounting.
• The use of technology in standard setting, including the greater use of AI in accounting processes.

For more information, see the PMAC meeting recap on the FASB’s Web site.