Media Advisory 08/24/15

FASB TO HOST ROUNDTABLE MEETINGS ON PROPOSAL
TO IMPROVE NOT-FOR-PROFIT FINANCIAL STATEMENT PRESENTATION


Norwalk, CT, August 24, 2015—The Financial Accounting Standards Board (FASB) will host a series of public roundtable meetings on its Proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities.

The purpose of the roundtables is to provide an opportunity for those who have submitted a comment letter to discuss the proposals with Board members in greater detail. To ensure that a variety of perspectives is received, the Board currently is seeking participation from preparers, auditors, investors, and others.

Those interested in participating in one of the roundtables should register online by Tuesday, September 1, 2015. Nonparticipating observers also should register in advance (seating is available on a first-come, first-served basis).

Monday, September 21, 2015
FASB Offices
401 Merritt 7
Norwalk, CT 06856

(This meeting will be audio webcast and archived on the FASB website for 30 days following the meeting.)
Session times: 9:00 a.m. – 12:00 p.m. EDT
(Tentative) 1:00 p.m. – 4:00 p.m. EDT


Tuesday, October 6, 2015
University of Southern California
Vineyard Room
Davidson Conference Center
Los Angeles, CA 90007

(This meeting will not be webcast. Within a few days after the meeting, an audio recording will be made available on the FASB website for 30 days.)
Session times: 9:00 a.m. – 12:00 p.m. PDT
(Tentative) 1:00 p.m. – 4:00 p.m. PDT


About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.