FASB

FASB Concludes FIN 48 Could Be Better

Submitted by Chris Gaetano on Thu, 01/19/2012 - 14:44

A review team from the Financial Accounting Foundation (FAF) concluded that Financial Accounting Standards Board (FASB) Interpretation No.

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Senate Comes Out Against Private Company Standards Proposal

Submitted by Chris Gaetano on Fri, 01/13/2012 - 12:51

The U.S. Senate has entered the debate over whether there should be a separate standards setting body to oversee Generally Accepted Accounting Principles (GAAP) with modifications and exceptions for private companies, with a letter signed by Sen. Carl Levin, (D-Mich.) coming out squarely against the idea.

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NYSSCPA Takes Issue with FAF's Private Companies Plan

Submitted by rkoreto on Mon, 12/19/2011 - 10:45

In a Dec. 12 letter to the Financial Accounting Foundation, NYSSCPA President Richard E. Piluso commented on the FAF's Oct. 2011 report, Plan to Establish the Private Company Standards Improvement Council, and criticized aspects of the foundation's approach.

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New FASAC Chair Appointed

Submitted by rkoreto on Thu, 12/08/2011 - 17:09

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PCAOB Adds New Advisors, Changes Terms

Submitted by rkoreto on Tue, 12/06/2011 - 10:53

The Public Company Accounting Oversight Board has announced 28 new and reappointed members to its Standing Advisory Group (SAG), a team of experts that advises the board.

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FASB to Hold Revenue Webcast

Submitted by rkoreto on Mon, 12/05/2011 - 16:33

In conjunction with the IASB, the FASB is hosting a webcast, “IN FOCUS: Understanding the Exposure Draft, Revenue from Contracts with Customers.” To register for this free event on Dec. 8, 10 to 11 a.m., EST, go to the FASB website.

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FASB to Discuss Nonpublic Entities in Webcast

Submitted by rkoreto on Fri, 12/02/2011 - 12:11

On Dec. 20, from 1:00–2:40 p.m. ET, the FASB will hold a free live broadcast to discuss its ongoing initiatives to address financial accounting for nonpublic entities.  

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Welcome at the FAF, Welcome Back at the FASB

Submitted by rkoreto on Fri, 11/18/2011 - 15:29

The Financial Accounting Foundation (FAF), the independent, private sector body that appoints members of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) has named three new members to its board of trustees:

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FASAC, the FASB Advisory Group, Adds New Members

Submitted by rkoreto on Fri, 11/18/2011 - 14:10

The Board of Trustees of the Financial Accounting Foundation has appointed 13 new members to the Financial Accounting Standards Advisory Council (FASAC), a group that advises the Financial Accounting Standards Board (FASB) on technical issues, project priorities and other standard setting topics.

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FAF to Hold Private Company Board Roundtables, Webcast

Submitted by Chris Gaetano on Fri, 11/04/2011 - 09:58

The Financial Accounting Foundation (FAF) has announced that it is planning a series of roundtables and a webcast in order to educate people on its new proposal to establish a board that will focus on issues pertaining to pr

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