BAN2011. From the FASB Chair: The Vision of Standard-Setting

The FASB has responded to financial reporting implications of COVID-19 and stands ready to respond as issues unfold. Over the past decade, the FASB has completed several major projects. How is the FASB monitoring implementation and responding? With many of the major projects completed, where will the FASB turn next? Will we see the return of goodwill amortization?

Learning Objectives:

• Analyze the FASB’s response to COVID-19, including changes to effective dates and FASB staff Q&As
• Evaluate how the FASB is monitoring implementation, including CECL
• Assess the current and future standard-setting agenda