Reporting Entity Reorganizations and Abolishments
For questions about this project, email RERA@fasab.gov.
Request for Information: Reporting Entity Reorganizations (PDF)
Responses are requested by July 15, 2025. Staff understands the provisional nature of this request and recognizes that late or follow-up submissions may be necessary. Responses should be submitted to RERA@fasab.gov with “RERA RFI response” on the subject line.
Project Objectives:
The initial objectives of this research are to:
- evaluate reorganization and abolishment accounting principles and disclosures and related practice issues, and
- consider whether current accounting and disclosure standards and guidance applicable to reorganizations and abolishments are sufficient to meet practitioner and user information needs.
If additional standards and/or guidance are determined to be needed, another objective would be to consider the development of standards and/or guidance addressing reorganizations and abolishments.
History of Board Deliberations:
May 12, 2025
Staff released a request for information and comment on emerging accounting issues and questions related to reporting entity reorganizations and abolishments, with responses requested by July 15, 2025.
April 22, 2025
At the April 2025 meeting, the Board discussed a project proposal on reporting entity reorganizations and abolishments. The Board agreed to add the proposed project to its technical agenda.
Members generally agreed that the issue area could have important implications for the current fiscal year. A few members suggested that a short- and long-term approach to the project might be appropriate. Members suggested that staff leverage a smaller working group or focus group as a means for identifying and assessing emerging issues in the short term. A few members suggested that staff could consider developing a non-authoritative staff paper proposal for Board discussion.
Briefing Materials – Topic D