Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
FASB seeks comment on financial statement notes proposal
FAIRFIELD, Conn. (3/5/14)--The Financial Accounting Standards Board (FASB) is seeking comment on a proposed chapter of FASB's conceptual framework that is intended to improve its evaluation of existing and future disclosure requirements in notes to financial statements.
 
The proposal falls under the larger framework of FASB's project to improve the overall effectiveness of financial statements. FASB's ongoing disclosure project is a bid to create disclosures that clearly communicate vital information to users of financial statements released by public firms, not-for-profit organizations, and private companies, such as credit unions.
 
The proposed framework released Tuesday addresses FASB's process for identifying relevant information and the limits on information that should be included in notes to financial statements.
 
The Credit Union National Association is reviewing the proposed framework and will be posting a Regulatory Call to Action in the coming days. The proposal can be found on the FASB website. Use the resource link.
Other Resources

FASB Website
RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago