FASAC Holds Meeting

The FASB has posted to its Web site a summary of the September 17, 2026, meeting of the Federal Accounting Standards Advisory Council (FASAC). Topics discussed at the meeting included the following:

• Disclosure effectiveness.
• Use of management intent in financial reporting.
• Implementation of the FASB’s standard on disaggregation of income statement expenses (ASU 2024-03).
• Current trends and emerging issues, including “nontraditional lending, data center investments, and the potential effects of semiannual reporting on GAAP.”
• An update on progress related to the FASB’s 2025 agenda consultation.
• Effects of technology use on standard setting.

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