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ARTICLE · 23 NOVEMBER 2012

FASB: Board Meetings Held Between October 15 And 18 (October 23, 2012)

Grant Thornton LLP
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All decisions reached at Board meetings are tentative and may be changed at future meetings.

United StatesAccounting and Audit
Grant Thornton'S Audit Practice Group
Grant Thornton'S Audit Practice Group
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FASB

Board meetings held between October 15 and 18

All decisions reached at Board meetings are tentative and may be changed at future meetings. Decisions are included in an Exposure Draft only after a formal written ballot. Decisions reflected in Exposure Drafts are often changed in redeliberations by the Board based on information received in comment letters, at public roundtable discussions, and from other sources. Board decisions become final after a formal written ballot to issue a final Accounting Standards Update.

At joint meetings held on October 15, 17, and 18, the FASB and the IASB discussed their projects on insurance contracts and revenue recognition, while on October 15 and October 17, the FASB alone discussed issues related to insurance contracts and financial instruments. Highlights of these meetings are summarized below.

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