The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

The top projects that survey participants thought should be on FASB’s agenda were the disclosure framework, accounting for financial instruments hedging, the conceptual framework, financial instruments with the characteristics of equity, and pensions, which tied for fifth place.

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