Stakeholders tell FASB to simplify

09/23/2013 | Journal of Accountancy online

Simplification and better information are objectives that stakeholders are seeking from the U.S. Financial Accounting Standards Board's standard-setting agenda, according to a survey by the board's primary advisory group. Respondents say the most important project on the FASB's agenda is a framework that aims to streamline disclosure in footnotes to financial statements and make them more effective.

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