Financial Accounting Standards Board Launches IN FOCUS: WEBCAST Educational Webcast Series with CPE Credit

Norwalk, CT, June 1, 2011—The Financial Accounting Standards Board (FASB) today announced the launch of IN FOCUS: WEBCAST, an educational webcast series that will offer continuing professional education (CPE) credit to those participating in these live broadcasts. Webcasts in the series will focus on financial accounting and reporting developments of importance to the FASB’s stakeholders, such as recently issued final standards, Exposure Drafts, or changes to the US GAAP Financial Reporting Taxonomy.

“In recent years, the FASB has been using webcast technology to inform stakeholders about important financial reporting changes and other developments,” said Leslie F. Seidman, Chairman of the FASB. “We hope that by offering continuing education credit through the IN FOCUS: WEBCAST series, we will encourage a broader group of stakeholders to stay current and share their views on our standard-setting activities.”

The first in the new educational webcast series is focused on issues important to nonpublic entities and will be held on Friday, June 17, 2011. That will be followed by a webcast focused on the US GAAP Financial Reporting Taxonomy on Wednesday, June 22, 2011. The June 17 and 22 webcasts will be provided free of charge. More details about these programs, including registration information, will be announced shortly.

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