FASB MEETING HELD MARCH 13
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.
On March 13, the Board reached tentative
decisions on two projects, investment companies and discontinued
operations, which are summarized below.
Investment companies
After considering the results of the staff's outreach to
constituents, the Board agreed to exclude from the final standard
the disclosure requirements for when an investment company invests
in another investment company. Instead, the Board will focus on
that guidance after the final standard has been
