The Financial Accounting Standards Board’s 2021 agenda consultation report summarizes the extensive feedback FASB received when it asked stakeholders where it should focus its time and resources.
The consultation project’s importance, in the words of FASB Chair Richard Jones and Technical Director Hillary Salo, is that the organization “sought to do more than create a new project lineup. We wanted to offer stakeholders a broader opportunity to weigh in on the FASB’s future direction.”
