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Chapter 18 — SEC, FASB, and Other Stakeholder Activities

18.3 FASB Activities

18.3 FASB Activities

Footnotes

[1]
At its October 19, 2016, meeting, the FASB redeliberated its original technical correction on disclosures of remaining performance obligations, which was discussed at the August 31, 2016, meeting but for which no tentative decision was reached. At the October 19 meeting, the staff presented five alternatives on the issue, which were compiled after additional outreach was performed at the request of the Board. After extensive deliberation, the Board ultimately decided to move forward with the amendments as originally proposed. However, the Board noted the importance of monitoring adoption of the disclosure requirements to determine what information preparers were disclosing and what information investors were using so that the Board could assess whether additional amendments were necessary once implementation reviews were completed.
2
See Section 18.3.3 for an overview of the ASUs issued.