FASB Posts PCC Meeting Highlights

The FASB’s Private Company Council (PCC) met on June 1–2, 2026. Topics discussed at the meeting included the following:

• The current research priorities for the PCC’s agenda, including employee stock ownership plans and simplifications to lease accounting.
• An update on certain FASB projects, including those on subjective acceleration clauses, the indexation guidance in ASC 815, the definition of common control, the classification of certain digital assets as cash equivalents, accounting for crypto asset transfers, targeted improvements to the equity method of accounting, and the FASB’s agenda consultation.
• The relevance of recently issued FASB standards for private companies (e.g., ASU 2026-01 on measurement of paid-in-kind dividends and ASU 2026-02 on environmental credits).

The next PCC meeting is scheduled for September 28–29, 2026. For more information, see the meeting recap on the FASB’s Web site.