Accounting
FASB weighs stakeholder feedback for accounting priorities
Reported by AI
The Financial Accounting Standards Board is reviewing over 100 comment letters and meeting inputs to prioritize its agenda. Stakeholders highlighted hedge accounting, alternative funding, and crypto assets as key areas. This marks the first broad outreach since 2021.
Corporate crypto exposure becomes practical for public companies
Public company boards have long viewed corporate involvement in cryptocurrency as too volatile, complex, and unclear under U.S. accounting rules. However, recent changes by regulators and standard-setters have made crypto ownership more feasible for balance sheets under generally accepted accounting principles.