FASB Standard Setter Update: 1Q 2021

Thoughtware Article Published: Apr 16, 2021
An advisor consulting a client

This paper provides an overview of proposed and final standards issued by FASB through March 2021, along with recent updates on outstanding exposure drafts and active projects. During the quarter, only three accounting standards were issued and no exposure drafts. FASB did meet regularly and made progress on several long-standing projects.

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