World Accounting Report
US update: August 2021
FASB
The FASB is continuing in its work to provide timely solutions to issues of concern for its stakeholders. It is also engaged
with its agenda consultation. Like the IASB, it has a long list of potential areas to focus on; the recent joint session with
the IASB (covered separately below) illustrates that investors express broadly similar information needs to both Boards, which
is to be expected given the global context in which most companies operate, albeit that one of the alleged effects of Covid-19
has been to make everyone more insular.