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.