US Accounting Board Touts Progress Meeting Investor Concerns

Aug. 17, 2023, 9:37 PM UTC

The US accounting standard-setter has hit key milestones on investor-priority accounting projects and is open to hearing more suggestions, it said in a report released Thursday.

The Financial Accounting Standards Board, which has faced intense accusations of ignoring the needs of investors, is trying to rectify that with proactive outreach, according to a third annual report outlining the ways it is trying to incorporate investor and analyst needs in the accounting standard-setting process.

FASB interacted more than 435 times with investors over the year that ended June 30, and also added two new members to a special investor-only advisory panel ...

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