This blog gives a high level of overview of what standard setters issued during the third quarter of 2018! Q3 was a busy quarter for FASB. They rolled out several final standards ranging from niche industry guidance for insurance entities to two lease updates. They also rolled out an update to the concept statements which resulted in two ASUs removing, adding and clarifying disclosures for fair value and defined benefit plans. GASB also issued one final statement on equity interests.