The Financial Accounting Standards Advisory Council, which advises the Financial Accounting Standards Board on its priorities and agenda, is asking for suggestions on what FASB’s future agenda should be.
FASAC issued a survey Wednesday to solicit views from stakeholders and is asking for responses by May 30.
Part of the FASAC’s role is to advise FASB on future project priorities and possible new agenda items. To fulfill that mission, the FASAC historically has conducted a periodic survey of stakeholders. With the completion of several major FASB projects―including revenue recognition―expected to occur in the coming months, the survey is intended to provide feedback to FASB as it decides on its future projects.
The survey asks stakeholders to share their views on project priorities and includes open-ended questions to provide an opportunity for respondents to elaborate on the areas that they believe are the most important for the FASB to address in the future. All interested parties are welcome to participate.
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