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ARTICLE · 01 MARCH 2022

FASB Considers Investor Feedback On Climate Change And Digital Assets

Hogan Lovells Cadwalader
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broader disclosures of financial statements regarding the impact of climate-related issues.

United StatesAccounting and Audit
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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The Financial Accounting Standards Board ("FASB") considered feedback received in response to an Invitation to Comment - Agenda Consultation on its standard-setting process and future standard-setting agenda items.

The summary focused on:

  • the disaggregation of financial reporting information;
  • climate-related transactions and disclosures; and
  • digital assets.

Respondents urged:

  • broader disclosures of financial statements regarding the impact of climate-related issues; (FASB noted that it is considering the accounting for, and disclosure of, financial instruments with climate-linked features); and
  • FASB to permit or require issuers to account for certain digital assets at fair value (FASB added a project to its research agenda addressing the accounting for exchange-traded digital assets and commodities.)

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