FASB debates wording for financial-disclosure discussion paper

04/26/2012 | CFO.com

The Financial Accounting Standards Board on Wednesday debated the wording of a discussion paper regarding a new framework for financial-statement disclosures, which is intended to reduce redundancy in data. The paper will ask for views about the proposed framework and opinions on its costs and consequences, among other topics. The paper will also emphasize that FASB will include input from the Securities and Exchange Commission on the project.

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