FASB Standard Setter Update: 4Q 2021

Thoughtware Article Published: Jan 18, 2022
People going over paperwork

This paper provides an overview of proposed and final standards issued by FASB from October to December 2021, along with recent updates on outstanding exposure drafts and active projects. FASB had a busy quarter issuing four accounting standards updates to close out several long-running projects, as well as three exposure drafts on interim reporting, CECL updates, and supplier finance disclosures.

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