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Tag Archives: FASB
FAF Addresses Due-Process Compliance with FASB and GASB
SHARE: The Financial Accounting Foundation (FAF) has granted stakeholders in the financial reporting community the opportunity to raise potential concerns about compliance with the due-process procedures of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). Through the FAF website, stakeholders can now flag for the FAF’s Oversight Committee alleged failures…
SEC Recommends FASB Improvements
SHARE: In recent news, the Securities and Exchange Commission’s Investor Advisory Committee released a set of recommendations to improve operations of the Financial Accounting Standards Board (FASB) so that it may better serve investor needs. According to the Committee, investors have been concerned that accounting standard-setting has not kept pace with today’s sources of value…