The Financial Accounting Standards Board ("FASB") considered feedback received in response to an Invitation to Comment - Agenda Consultation on its standard-setting process and future standard-setting agenda items.
The summary focused on:
- the disaggregation of financial reporting information;
- climate-related transactions and disclosures; and
- digital assets.
Respondents urged:
- broader disclosures of financial statements regarding the impact of climate-related issues; (FASB noted that it is considering the accounting for, and disclosure of, financial instruments with climate-linked features); and
- FASB to permit or require issuers to account for certain digital assets at fair value (FASB added a project to its research agenda addressing the accounting for exchange-traded digital assets and commodities.)
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