News Release 07/17/14
RELAUNCHED FASB TECHNICAL AGENDA WEB PAGE BRINGS ONLINE VISITORS UP-TO-SPEED AT A GLANCE
The new plan is found at fasb.org/technicalagenda.
Norwalk, CT, July 17, 2014—The Financial Accounting Standards Board (FASB) today relaunched its technical agenda web page to provide a more user-friendly graphic overview of each Board project and enable visitors to better understand how individual projects relate to the Board’s overall activities.
The new web view groups the FASB’s technical agenda into project “families” and offers a comprehensive timeline of activities for each project. Visitors can more easily determine the current project status, review documents and announcements from completed project stages, identify what steps lie ahead, and access additional project resources. The updated web page is designed to accommodate a wide variety of users, including both those who are familiar with the FASB and its standard-setting activities and those who are less well acquainted.
“This new website resource is designed to inform visitors at a glance on where any given FASB project stands, the steps it took to get there, and what is coming up,” said FASB Chairman Russell G. Golden. “While this information was available on the site previously, the new plan presents it in a more visual, intuitive manner that brings stakeholders up-to-speed quickly and also provides click-through access to all the resources they might need.”
The technical agenda groupings, which reflect the Board’s strategic standard-setting goals, include:
- Recognition & Measurement
- Presentation & Disclosure
- Post-Issuance Activities
- An alphabetical listing of all projects.
The Governmental Accounting Standards Board (GASB) is working on a similar relaunch of its technical agenda web page, which will be completed soon.
About the Financial Accounting Standards Board
Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.