Financial Accounting Standards Board (FASB)

Financial Accounting Standards Board (FASB) The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies.

The FASB establishes and improves financial accounting and reporting standards to provide useful information to investors and other users of financial reports, and educates stakeholders on how to understand and implement those standards. Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting

standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information about the FASB, visit www.fasb.org

FASB has published a proposed Accounting Standards Update (ASU) intended to improve accounting guidance for certain mark...
06/10/2026

FASB has published a proposed Accounting Standards Update (ASU) intended to improve accounting guidance for certain market-return cash balance plans. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF). Stakeholders are encouraged to review and provide comments on the proposed ASU by August 10, 2026. https://bit.ly/4eesMb8

Good ideas have no borders. The FASB recently welcomed representatives of the International Accounting Standards Board (...
06/05/2026

Good ideas have no borders.

The FASB recently welcomed representatives of the International Accounting Standards Board (IASB) to Norwalk for a joint educational meeting of the Boards. During the hybrid meeting, the Boards shared updates on business combinations, lease accounting, statement of cash flows, financial instruments, digital assets, and other current and emerging issues of interest to their respective stakeholders.

The FASB also used the occasion to thank IASB Chair Andreas Barckow, whose term concludes on June 30, 2026, for his service and commitment to high-quality standards for capital market stakeholders across the globe.

Join us tomorrow for the next meeting of the Financial Accounting Standards Board.📅 June 3, 2026⏰ 9:00 a.m. EDTThe meeti...
06/03/2026

Join us tomorrow for the next meeting of the Financial Accounting Standards Board.

📅 June 3, 2026
⏰ 9:00 a.m. EDT

The meeting will be livestreamed and recorded for later viewing on the FASB website.

Join us for the upcoming Private Company Council (PCC) meetings on June 1 and 2, 2026.• June 1, 2026 | 4:10–5:20 p.m. ED...
06/02/2026

Join us for the upcoming Private Company Council (PCC) meetings on June 1 and 2, 2026.

• June 1, 2026 | 4:10–5:20 p.m. EDT
• June 2, 2026 | 9:00 a.m.–12:00 p.m. EDT

PCC and FASB members will discuss private company reporting issues, digital assets, leases, debt and equity matters, common control, and other current FASB projects and activities.

Watch the meetings live on the FASB website. Recordings will also be available for later viewing.

We are pleased to share that Christine Botosan, Member of the Financial Accounting Standards Board (FASB), has been sele...
05/29/2026

We are pleased to share that Christine Botosan, Member of the Financial Accounting Standards Board (FASB), has been selected to receive the 2026 Lifetime Service Award from the American Accounting Association (AAA).

This prestigious award recognizes individuals whose sustained contributions have had a significant impact on accounting education and the profession. Throughout her distinguished career, Christine has demonstrated a deep commitment to advancing accounting research, education, and standard setting, while fostering meaningful engagement with the academic community. We congratulate Christine on this well-deserved recognition of her exceptional service and leadership.

Another great meeting with the FASB’s Investor Advisory Committee (IAC) is in the books. IAC members shared their insigh...
05/28/2026

Another great meeting with the FASB’s Investor Advisory Committee (IAC) is in the books. IAC members shared their insights on broad projects on the FASB’s agenda and emerging trends, including those arising from the implementation of new standards and potential areas for improvement from the investor perspective. We thank them for joining us in Norwalk for an enlightening discussion and for their commitment to supporting the FASB’s mission.

Join us live for the Investor Advisory Committee meeting: https://bit.ly/3XD1FQp🗓️ Thursday, May 28, 2026🕐 2:00 PM – 3:0...
05/28/2026

Join us live for the Investor Advisory Committee meeting: https://bit.ly/3XD1FQp

🗓️ Thursday, May 28, 2026
🕐 2:00 PM – 3:00 PM EDT

🎥 The meeting will be recorded and available for future viewing on fasb.org.

Thank you to all who joined today’s public roundtable discussion. Your engagement is vital to our ability to support our...
05/27/2026

Thank you to all who joined today’s public roundtable discussion. Your engagement is vital to our ability to support our stakeholders as they implement the Disaggregation of Income Statement Expenses (DISE) standard. We thank participants for their insights and contributions to the conversation.

Join us live for the upcoming FASB Board Meeting and a Public Roundtable Discussion.🗓️ Wednesday, May 27, 2026🕘 9:00 AM🕐...
05/27/2026

Join us live for the upcoming FASB Board Meeting and a Public Roundtable Discussion.

🗓️ Wednesday, May 27, 2026
🕘 9:00 AM
🕐 1:30 PM – 3:30 PM EDT

📺 Live stream available on the FASB website: https://bit.ly/3XD1FQp

🎥 The meeting will also be recorded and available for future viewing.

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801 Main Avenue
Norwalk, CT
06851

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