MEDIA ADVISORY 06/06/13

REGISTRATION OPENS FOR JUNE 10 WEBCAST, IN FOCUS: GASB/FASB UPDATE

Participants in Live Webcast Eligible for Up to 1 CPE Credit

Norwalk, CT, June 6, 2013Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast IN FOCUS: GASB/FASB Update. This live webcast, offered free of charge, will take place on Monday, June 10, 2013, from 3:00 to 4:00 p.m. EDT. Participants in the live broadcast will be eligible for up to 1 hour of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

Topics of discussion will include:
  1. An overview of GASB projects in progress and recently-issued GASB pronouncements
  2. An overview of FASB projects in progress and recently-issued FASB Accounting Standards Updates, including Investment Companies, Discontinued Operations, Going Concern, and Liquidation Basis of Accounting.
An archive of the webcast will be available on the GASB and FASB websites through September 8, 2013. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the webcast, log on to www.gasb.org or www.fasb.org.

About the Governmental Accounting Standards Board

The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Those standards govern the preparation of financial reports and are officially recognized as authoritative by U.S. state and local governments and the American Institute of Certified Public Accountants. Its seven members are drawn from the Board’s diverse constituency, including preparers and auditors of government financial statements, users of those statements, and members of the academic community. More information about the GASB can be found at its website, www.gasb.org.

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.