Why are banks still cranking out cash-flow statements that hardly anyone reads?
That was the uncomfortable question hanging over a Financial Accounting Standards Board meeting Wednesday, as rulemakers pulled the plug on a years-long effort to “fix” the reports, and opened the door to something far more dramatic: getting rid of them altogether.
In a move that could eventually shake up one of the basic pillars of financial reporting, FASB voted April 22, 2026, to abandon its project to revamp the statement of cash flows for financial institutions.
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