News & Media

FASB Issues Proposal to Delay Long-Duration Insurance Standard and Ease Early Adoption Provisions

Norwalk, CT, July 9, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would help insurance companies adversely affected by the COVID-19 pandemic by giving them an additional year to...

Media Advisory | Exposure Document

Financial Accounting Standards Advisory Council

Norwalk, CT, July 1, 2020—The Financial Accounting Standards Advisory Council (FASAC) held its quarterly meeting on Tuesday, June 23, 2020. The following topics were discussed:

Meeting Recap
 

Private Company Council Meeting Recap

Norwalk, CT, June 30, 2020—On Thursday, June 25, 2020, the Private Company Council (PCC) discussed and provided input on the following topics:

Meeting Recap

FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures

Norwalk, CT, June 22, 2020—The Financial Accounting Standards Board (FASB) Taxonomy staff today issued a question-and-answer document (Q&A) that responds to frequently asked questions about the application of...

Media Advisory | FASB Staff Q&A

FASB Approves New Standards and a Proposed Effective Date Delay at Final Meeting of Chairman Russell G. Golden

Norwalk, CT, June 10, 2020—The Financial Accounting Standards Board (FASB) today approved the issuance of two upcoming Accounting Standards Updates (ASUs): one that improves financial reporting associated with accounting for convertible instruments and contracts...

Media Advisory

FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards

Norwalk, CT, June 3, 2020—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. Early application continues to be permitted....

Media Advisory | ASU 2020-05
 

Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Biannual Meeting

Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) held a virtual meeting on June 1, 2020.  In addition to Russell G. Golden, Chairman of the FASB, and Atsushi Kogasaka, Chair of the ASBJ, Richard R. Jones, who will become Chairman of the FASB...

News Release
  • July 9, 2020 FASB Issues Proposal to Delay Long-Duration Insurance Standard and Ease Early Adoption Provisions
  • July 1, 2020 Financial Accounting Standards Advisory Council
  • June 30, 2020 Private Company Council Meeting Recap
  • June 22, 2020 FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures
  • June 10, 2020 FASB Approves New Standards and a Proposed Effective Date Delay at Final Meeting of Chairman Russell G. Golden
  • June 3, 2020 FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards
  • June 2, 2020 Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Biannual Meeting

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

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(203) 956-3459 | clklimek@f-a-f.org

Jordan C. (Kip) Betz

Senior Manager, Communications
203-956-5201 | jcbetz@f-a-f.org

Dana Freeman

Senior Manager, Communications
(203) 956-5279 | dfreeman@f-a-f.org

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