At its June 23, 2020, meeting, the FASB’s Financial Accounting Standards Advisory
Council (FASAC) discussed the FAF/FASB post-implementation review process. In
addition, the FASAC addressed the accounting for government assistance, risks and
uncertainties, going concern, impairment, current expected credit losses and
macroeconomic estimates, and loan and lease modification (including troubled debt
restructuring in the current environment).
For more information, see the meeting recap on the FASB’s Web site.