FASB Standard Setter Update: 1Q 2022

Thoughtware Article Published: Apr 15, 2022
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This paper provides an overview of proposed and final standards issued by FASB from January to March 2022, along with recent updates on outstanding exposure drafts and active projects. Only two final accounting standards updates were issued in the first quarter—CECL, troubled debt restructuring, and vintage disclosures and an expansion of hedge accounting.

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