This paper provides an overview of proposed and final standards issued by FASB from April to June 30, 2023, along with recent updates on outstanding exposure drafts and ongoing projects. FASB standard setting slowed down in the second quarter with only two exposure drafts released. The third quarter is expected to be busier as FASB completes several projects—joint venture formations, segment reporting, and a long-running item related to incorporating certain SEC disclosures into GAAP. A new project was added on induced conversions.
If you have any questions or need assistance, please reach out to a professional at FORVIS or use the Contact Us form below.