FASB Reaches Milestone – Codification Moves into Verification Phase (Posted: 01/15/08)
The FASB Accounting Standards CodificationTM is now accessible for a one-year verification phase. During this period, the FASB asks constituents to verify that the Codification accurately reflects existing nongovernmental GAAP and to provide any pertinent feedback. Upon completion of the verification phase, the Codification will become the single source of authoritative U.S. GAAP for nongovernmental entities. To encourage feedback, the online Codification Research System is available for free during the verification phase.
New—Order 2008–2009 FASB Annual Bound Editions
New—FASB Issues Exposure Drafts to Amend Statement 140 and Interpretation 46(R) (Posted: 09/15/08)
New—FASB Issues FASB Staff Position (FSP) No. 133-1 and FIN 45-4, Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161 (Posted: 09/12/08)
New—IASB and FASB Publish Update to 2006 Memorandum of Understanding (Posted: 09/11/08)
New—FASB Webcast - Application of Statement No. 157, Fair Value Measurements - scheduled for September 29, 2008 (Posted: 09/05/08)
New—Update: Forthcoming Issuance of Exposure Drafts to Amend Statement 140 and Interpretation 46(R) (Posted: 09/03/08)
Business Combinations Topic Released onto the FASB Accounting Standards CodificationTM for the Verification Phase (Posted: 08/21/08)
A recent editorial in the Wall Street Journal strongly criticized the FASB for its proposal to require additional disclosure pertaining to the cost of ongoing litigation. (FAS 5) (Posted: 08/18/08)
FASB Issues Revised Exposure Draft on Earnings per Share (Posted: 08/07/08)
2007 AAA-FASB Financial Reporting Issues Conference (Posted: 08/07/08)
FASB Issues Staff Position FAS 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds (Posted: 08/06/08)
US FASB and IASB Seek Views on Two Consultative Documents on the Conceptual Framework (Posted: 05/29/08)
Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence
(Posted: 05/27/08)
2007 Annual Report of the Financial Accounting Foundation (Posted: 05/21/08)
FASB Issues Invitation to Comment, Reducing Complexity in Reporting Financial Instruments, including IASB Discussion Paper, Reducing Complexity in Reporting Financial Instruments (Posted: 03/28/08)
The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB (Posted: 02/26/08)
FASB/FAF Response to the SEC Concept Release on Allowing U.S. Registrants to Use IFRS and the Proposing Release to Eliminate the Requirement for Certain Foreign Filers to Reconcile to U.S. GAAP (Posted: 11/08/07)
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Final FASB Staff Positions (FSPs)
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