The FASB published an invitation to comment on Friday, Jan. 3, allowing stakeholders to offer feedback on the board’s future standard-setting agenda.
The board said it’s requesting feedback on improvements to financial accounting and reporting needed to:
- Provide investors with better, more useful financial statement information that will directly influence their capital allocation decisions;
- Reduce unnecessary cost and complexity; and
- Maintain and improve the FASB Accounting Standards Codification.
The FASB will accept comments through Monday, June 30. Read more.