Accounting Research Tool

March 2016

Summary of the March Meeting of the Emerging Issues Task Force

EITF Snapshot
March 2016
by Chris Cryderman, Stephen McKinney, and Bob Uhl, Deloitte & Touche LLP
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This EITF Snapshot summarizes the March 3, 2016, meeting of the Emerging Issues Task Force (EITF or “Task Force”). Initial Task Force consensuses (“consensuses-for-exposure”) are exposed for public comment upon ratification by the Financial Accounting Standards Board (FASB). After the comment period, the Task Force considers comments received and redeliberates the issues at a scheduled meeting to reach a final consensus. Those final consensuses are then provided to the FASB for final ratification and, ultimately, issuance as an Accounting Standards Update (ASU).