Financial Accounting Standards Board (FASB)

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Financial Accounting Standards Board (FASB)

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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

10/28/2026

The FASB today issued a proposed Accounting Standards Update (ASU) that would improve the operability of the accounting for equity method investments. The proposal would help reduce cost and complexity by establishing a single threshold for applying the equity method and clarifying its application to investments with complex allocation structures.

Comments are due by January 11, 2027. Learn more and share your feedback at www.fasb.org.

10/22/2026

The FASB today issued a proposed Accounting Standards Update (ASU) to clarify when payments made on behalf of a customer, or to a customer of an entity’s customer, should be accounted for as consideration payable to a customer under Topic 606, Revenue from Contracts with Customers. The proposal is based on a recommendation from the Emerging Issues Task Force (EITF).

Comments are due by November 23, 2026. Learn more and share your feedback at www.fasb.org.

10/20/2026

📢 FASB Board Meeting
🗓️ October 21, 2026
🕘 9:00 a.m. EDT
🔗 Watch live: https://bit.ly/3XD1FQp

The FASB will meet to begin redeliberations on targeted improvements to accounting for Interest Rate Risk Hedging and Net Investment Hedging. The Board also will discuss feedback on other Crypto issues received through its 2025 Agenda Consultation.

10/09/2026

📢 Registration is Now Open! https://bit.ly/4hAR3eG

Join the Financial Accounting Standards Board for its upcoming FASB Update for Private Companies and Not-for-Profit Organizations webcast.

This semiannual webcast will provide updates on FASB standard-setting activities relevant to private companies and not-for-profit organizations.

📅 Monday, November 2, 2026
🕑 2:00–4:05 p.m. ET
🎓 Up to 2.5 CPE credits available for eligible participants in the live webcast.

Registration is open to all, but live attendance is limited to the first 1,000 participants who log on. Individual participation is required to earn CPE credit; group viewing is not eligible.

10/06/2026

The Financial Accounting Standards Board (FASB) will meet to discuss stakeholder feedback received in response to its 2025 Agenda Consultation Invitation to Comment on several revenue-related topics.

📆 Tuesday, October 7, 2026
🕘 9:00 a.m. EDT
💻 Watch Webcast Live : https://bit.ly/3XD1FQp

10/06/2026

The FASB’s Not-for-Profit Advisory Committee (NAC) met in Norwalk recently to share perspectives on financial accounting and reporting issues important to the not-for-profit community.

The meeting also marked a milestone: it was the final meeting to be led by NAC Chair and FASB Senior Staff Member Jeff Mechanick, who helped establish the group in 2009 and will retire at the end of 2026. FASB Assistant Director Alicia Manders will assume leadership of the NAC in 2027.

It was also the last NAC meeting for Mai-Anh Fox, Chief Financial Officer of The Ford Foundation, and Kerri Tricarico, Senior Associate Vice President Financial Operations and Controller, New York University, who conclude their terms this year.

We thank Jeff—and all NAC members, past and present—for helping ensure that not-for-profit voices are heard in the standard-setting process.

09/29/2026

The Financial Accounting Standards Board (FASB) will meet with the AICPA Private Companies Practice Section Technical Issues Committee (TIC) today to discuss matters related to private company financial reporting and standard-setting activities.

📅 September 29, 2026
⏰ 1:00 PM - 3:15 PM EDT

The meeting will be livestreamed on the FASB website: https://bit.ly/3XD1FQp

09/28/2026

The Private Company Council (PCC) and the Financial Accounting Standards Board (FASB) will meet to discuss matters affecting private companies and ongoing standard-setting activities.

📅 September 29, 2026
⏰ 8:45 AM EDT
🔗 The meeting will be webcast live : https://bit.ly/3XD1FQp

A recording of the meeting will be available for future streaming at the FASB website.

09/23/2026

COMMENT DEADLINE: November 9, 2026. The FASB has issued a proposed Accounting Standards Update (ASU) to improve accounting guidance for Residential Mortgage Servicing Rights.

Learn more and submit feedback: https://bit.ly/4yaYpv1

Address

801 Main Avenue
Norwalk, CT
06851

Website

http://www.fasb.org/

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