FASB proposes GAAP Taxonomy updates for investment company fair value reporting
The US Financial Accounting Standards Board (FASB) has issued proposed improvements to the GAAP Financial Reporting Taxonomy related to a proposed Accounting Standards Update on Fair Value Measurement (Topic 820). The proposed ASU would change how investment companies measure the fair value of equity securities that are subject to contractual sale restrictions, and would require disclosure of the related discount. Comments are due by 17 July 2026.
Read the announcement here.
