The Financial Accounting Standards Board has endorsed a consensus recommendation from the Private Company Council to remove the effective dates for four standards.
At a meeting on December 4, the PCC, which operates along with FASB under the umbrella of the Financial Accounting Foundation, recommended that FASB remove the transition requirements for four standards (see PCC Wants to Remove Effective Dates for New Accounting Standards):
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access