The Financial Accounting Standards Board began testing a codification of U.S. generally accepted accounting principles that reorganizes thousands of U.S. GAAP pronouncements to make them easier to find.
The board launched a one-year verification of its FASB Accounting Standards Codification to give users time to provide feedback on the system as they use it to do research on accounting standards. The system includes statements from FASB, the American Institute of CPAs and the Emerging Issues Task Force.
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