FASB on the Future of Financial Regulation

The transcript covers a discussion on the evolution of accounting standards over the past 20 years, highlighting improvements and the role of FASB. It explores future trends, such as the demand for more detailed financial information and the challenges of balancing costs and benefits. The conversation also delves into international convergence of accounting standards, segment reporting, goodwill accounting, and the transition from LIBOR. Additionally, it addresses the impact of the pandemic on accounting practices and the role of ESG in financial reporting.

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