FASB on Wednesday, June 30, issued its 2021 Agenda Consultation Report, which announced the addition of three new projects to its technical agenda.
The FASB board added the following projects based on feedback from investors and a broad range of stakeholders:
- Accounting for and disclosure of digital assets
- Accounting for environmental credit programs
- Accounting for and disclosure of software costs
FASB also said investor input helped it focus on long-term projects to improve the transparency and usefulness of income tax disclosures by revising its objective and establishing a project scope that primarily focuses on income taxes paid and the rate reconciliation table. Read more.