SEC delegates GAAP maintenance to FAF
The Securities and Exchange Commission charged the Financial Accounting Foundation with overseeing ongoing maintenance of the U.S. GAAP Financial Reporting Taxonomy in XBRL, its new data-tagging format. The FAF oversees both the Financial Accounting Standards Board and the Governmental Accounting Standards Board. "The FASB team assigned to taxonomy maintenance will work closely with the SEC, investors, issuers, accounting firms and other stakeholders to develop updates that are of the highest quality," said FAF Chairman Jack Brennan.
WebCPA | 02/05
This story published in CPA Letter Daily on 02/08/2010
FASB, IASB to reveal loan-value proposal soon
Thursday, April 8, 2010
XBRL backers seeking input on ways to improve technology
Thursday, February 18, 2010
FASB proposes changes to "subsequent events" requirements
Monday, January 4, 2010
|
CPA Letter Daily
Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news. Learn more |
|