The Financial Accounting Standards Board is formally considering delaying the required effective date of some of its standards, including credit losses for small public companies.
After a brief summer hiatus, the board is scheduled to meet Wednesday, July 17, to reconsider the effective dates of some of its standards for small public companies and non-public entities. “The board will discuss whether and how effective dates should be staggered for public companies, small public companies, private companies, and not-for-profit organizations,” FASB says in its agenda.
