Deloitte
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2021

November 2021

EITF Snapshot
November 2021
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Summary of the November Meeting of the Emerging Issues Task Force

This EITF Snapshot summarizes the November 11, 2021, 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).

Footnotes

1
FASB Accounting Standards Update No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects — a consensus of the FASB Emerging Issues Task Force.
2
FASB Accounting Standards Codification (ASC) Topic 323-740, Investments — Equity Method and Joint Ventures: Income Taxes.