FASB Response to COVID-19

The FASB shares global concerns about the stakeholder impact of the coronavirus (COVID-19) pandemic in the United States and abroad.  The FASB is monitoring and responding to the situation and is committed to supporting and assisting our stakeholders during this difficult time.

We encourage stakeholders to view and connect with us through the following resources.

Stakeholder Resources

FASB Issues Proposal to Delay Long-Duration Insurance Standard and Ease Early Adoption Provisions (July 9, 2020)
FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards (June 3, 2020) FASB meeting on COVID-19 pandemic response (May 21, 2020): FASB Issues Staff Q&A Document on Hedge Accounting during COVID-19 Pandemic (April 28, 2020): April 17, 2020 Private Company Council Meeting (April 22, 2020) FASB Seeks Public Comment on Proposal to Offer Limited Effective Date Delays on Time-Sensitive Standards (April 21, 2020): FASB Issues Staff Q&A Document on Accounting for Leases during COVID-19 Pandemic (April 10, 2020): FASB meeting on COVID-19 pandemic response (April 8, 2020): Media Advisory: Statement of FASB Chairman Russell G. Golden on FASB Meeting on Accounting Relief during COVID-19 Pandemic (April 8, 2020)

Media Advisory: FASB Plan to Address Standard-Setting Issues During the Coronavirus (COVID-19) Pandemic (April 1, 2020)
Technical inquiry service: submit questions directly to FASB staff about standard implementation or other issues.

Implementation web portal: a “one-stop shop” of educational resources on major standards, including leases, credit losses, insurance, and reference rate reform.

Find out where to submit other comments/questions/inquiries through the www.fasb.org/contact.