News Release 03/13/14

REGISTRATION OPENS FOR APRIL 3 WEBCAST ON STRUCTURED DATA (XBRL) IN FINANCIAL REPORTING


Participants in Live Webcast Eligible for Up to 1.5 CPE Credits

Norwalk, CT, March 13, 2014Registration is now open for an upcoming Financial Accounting Standards Board (FASB) webcast that looks at how investors use structured data (XBRL) and how structured data are considered in the standard-setting process. IN FOCUS: Board Member Perspective on Structured Data and U.S. Securities and Exchange Commission and Staff U.S. GAAP Taxonomy Updates will take place on Thursday, April 3, 2014, from 1:00 to 2:30 p.m. EDT. Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 1.5 hours of Continuing Professional Education (CPE) credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature FASB member Hal Schroeder, FASB Chief of Taxonomy Development Louis Matherne, FASB Project Manager—XBRL Donna Johaneman, and Kimberly Earle of the Office of Interactive Data, U.S. Securities and Exchange Commission (SEC), discussing the following topics:
  • Use of structured data and its role in the standard-setting process
  • Update from the SEC
  • What viewers need to know about the 2014 U.S. GAAP Taxonomy Update
  • New XBRL Implementation Guides
  • Plans for the 2015 Taxonomy and beyond.
An archive of the webcast will be available on the FASB website through July 2, 2014. (CPE credit will not be available to those who view only the archived webcast.)

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


About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.

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.