FASB standard setting in the first quarter slowed considerably after a record-setting fourth quarter 2024. FASB issued only one Accounting Standards Update (ASU), with a minor correction to the implementation date of ASU 2024-03 on expense disaggregation and two narrow exposure drafts on debt exchange and codification improvements. Download the PDF below for an overview of FASB standard-setting activity, along with updates on outstanding exposure drafts and ongoing projects to keep you on top of issues that may impact your accounting and financial statement reporting.
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