FASB is reviewing input from more than 100 comment letters and recent stakeholder meetings as it considers which accounting topics to prioritize in its next phase of rule making. The outreach is part of FASB’s latest agenda consultation, its first broad effort of this kind since 2021. 

FASB Chair Richard Jones said this marks the early stage of a longer process, noting that each topic will return for further discussion and board votes in future public meetings. The staff will continue analyzing the 70-plus issues raised, with plans to bring recommendations to the board through next year. 

According to CFO Dive, the feedback showed a wide range of opinions, though several themes appeared consistently. Many respondents emphasized the need for updates related to risk management and hedge accounting, alternative funding arrangements, and the interaction between consolidation guidance and other transactions. Topics seen as lower priority included interest income recognition and personal financial statements. 

Roughly 31 respondents commented on crypto assets, expressing mixed views on whether further rule making is needed. Several, however, pointed out that current guidance leaves unresolved questions and creates inconsistencies in how companies report holding and activities tied to digital assets. Some called for the board to expand existing standards to cover crypto assets created by an entity or its affiliates, while other suggested revisiting the treatment of stablecoins.