SBAC Holds November 2020 Meeting November 18, 2020 The Small Business Advisory Committee (SBAC) held a virtual meeting with the FASB on November 12, 2020. Topics discussed at the meeting included: Implementation of, and targeted improvements to, the FASB’s new leasing standard. Reference rate reform. Disclosure framework: disclosures — interim reporting. Distinguishing liabilities from equity (including convertible debt). For more information, see the meeting recap on the FASB’s Web site.