The Financial Accounting Standards Board, which continues to field criticism that it acts too slowly to issue and update accounting standards, sent out a notice this week announcing the formation of a new project on revenue recognition.
The wordy, convoluted press release does nothing to dispel the image of a standard-setting board too bogged down in minutiae to get anything done. But, that’s the least of its problems.
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