Financial Accounting Standards Board (FASB)

The FASB’s mission is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports.



PwC resources


Effective dates for FASB guidance

The FASB's active standard setting means it is more important than ever to know which standards are effective when. Here we provide effective dates for the FASB's recently released guidance, segregated between public companies and nonpublic companies.

FASB Accounting Standards Codification Quick Reference Guide

Our quick reference guide includes the structure of the Codification, examples of the citation format, how new authoritative guidance will be released and incorporated into the Codification, and more.


Playback of this video is not currently available

Listen to our podcast on FASB Standard setting update, Third quarter 2017

Want an easy way to stay current on standard setting? Listen now for a third quarter update.

Download this podcast      See all episodes


Select news releases

FAF Trustees Reappoint James L. Kroeker as Vice Chairman of Financial Accounting Standards Board; Gary Buesser Named to Board Effective July 2018

The Board of Trustees of the Financial Accounting Foundation (FAF) announced the reappointment of James L. Kroeker as vice chairman of the Financial Accounting Standards Board (FASB). The Trustees also announced the appointment of Gary R. Buesser—a long-time portfolio manager and financial analyst—to the FASB. Both terms are effective July 1, 2018.

Registration opens for FASB CPE webcast on proposed improvements to NFP grant and contribution accounting

Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast on a proposed Accounting Standards Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profits. IN FOCUS: Proposed Improvements to Not-for-Profit Grant and Contribution Accounting will take place on Monday, Sept. 11, 2017, from 1:00 to 2:00 p.m. ET.


Proposed standards

See the FASB's website for a copy of all outstanding proposed Standards.

Proposed Accounting Standards Update: Technical corrections and improvements to Topic 942, Financial services - depository and lending - elimination of certain guidance for bad debt reserves of savings and loans

The FASB is issuing this proposed Update to supersede outdated deferred tax guidance on bad debt reserves of savings and loans that arose after December 31, 1987, and guidance related to the Comptroller of the Currency’s Banking Circular 202, Accounting for Net Deferred Tax Charges (Circular 202).

Proposed Accounting Standards Update: Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent)

The Board is issuing this proposed Update as part of its Simplification Initiative. The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of the financial statements.

Proposed Accounting Standards Update: Inventory (Topic 330): Disclosure Framework - Changes to the Disclosure Requirements for Inventory

The Board is issuing this proposed Update as part of the disclosure framework project. The objective and primary focus of the disclosure framework project are to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by generally accepted accounting principles (GAAP) that is most important to users of each entity’s financial statements.


PwC comment letters


Final standards

See the FASB's website for a copy of each Accounting Standards Update (ASU) and see our Effective dates for new FASB guidance page.



Meeting minutes

Meeting minutes - Current and archived

Provides access to the current and archived FASB board meeting handouts as issued by the FASB. See also the Tentative Board Decisions section of the FASB's website for a summary of current and recent tentative decisions reached at FASB meetings.


Contact us

Beth Paul
US Strategic Thought Leader, National Professional Services Group

David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group

Follow us