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MEDIA INQUIRIES
All media inquiries regarding FAF, FASB and GASB are coordinated through the FAF Communications Department.
National news outlets, daily newspapers and wire services, contact:
Neal E. McGarity, Director of Communications
203-956-5347
nemcgarity@f-a-f.org
Trade and industry publications, contact:
Christine L. Klimek, Communications Manager
203-956-3459
clklimek@f-a-f.org
Fax: 203-849-9714
401 Merritt 7, PO Box 5116
Norwalk, CT 06856
The following announcements were issued as noted by the Financial Accounting Standards Board and the Financial Accounting Foundation. To obtain FASB publications mentioned in the news releases below, see Ordering FASB Publications and Subscriptions.
Summary of Board Decisions—Joint FASB/IASB Board Meeting 11-18-09
November 19, 2009
Summary of Board Decisions—FASB Board Meeting 11-17-09
November 17, 2009
Summary of Board Decisions—FASB Board Meeting 11-11-09
November 11, 2009
IASB and FASB Reaffirm Commitment to Memorandum of Understanding
November 5, 2009
Summary of Board Decisions—FASB Board Meeting 11-04-09
November 4, 2009
Summary of Board Decisions—Joint FASB/IASB Board Meeting 10-26-28-09
October 29, 2009
Accounting Standards Board of Japan Meets with Financial Accounting Standards Board to Discuss Global Convergence
October 22, 2009
FASB Establishes Not-for-Profit Advisory Committee
October 22, 2009
Summary of Board Decisions—FASB Board Meeting 10-21-09
October 21, 2009
Summary of Board Decisions—FASB Board Meeting 10-14-09
October 14, 2009
FASB to Host October 15 Webcast on The Investor: An Important Voice in Standard Setting
October 8, 2009
Summary of Board Decisions—FASB Board Meeting 10-07-09
October 7, 2009
FASB Accounting Standards CodificationTM Now Provides Users with Information about Related XBRL Elements
October 5, 2009
Media Advisory—Clarification of the effective date interaction between Topic 740 relating to accounting for uncertainty in income taxes (formerly FIN 48) and the guidance in ASU 2009-06, Income Taxes (Topic 740)—Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities
October 1, 2009
Summary of Board Decisions—FASB Board Meeting 09-23-09
September 23, 2009
Financial Accounting Foundation Endorses Statement of the International Accounting Standards Committee Foundation Monitoring Board
September 22, 2009
Summary of Board Decisions—FASB Board Meeting 09-21-09
September 21, 2009
Summary of Board Decisions—FASB Board Meeting 09-16-09
September 16, 2009
August 28, 2009
Summary of Board Decisions—FASB Board Meeting 08-27-09
August 27, 2009
Summary of Board Decisions—FASB Board Meeting 08-26-09
August 26, 2009
Summary of Board Decisions—FASB Board Meeting 08-19-09
August 19, 2009
Summary of Board Decisions—FASB Board Meeting 08-13-09
August 13, 2009
Summary of Board Decisions—FASB Board Meeting 08-05-09
August 5, 2009
Summary of Board Decisions—FASB/IASB Joint Board Meeting 07-23-24-09
July 23-24, 2009
Summary of Board Decisions—FASB Board Meeting 07-21-09
July 21, 2009
Summary of Board Decisions—FASB Board Meeting 07-15-09
July 15, 2009
Summary of Board Decisions—FASB Board Meeting 07-08-09
July 8, 2009
FASB Initiates "Disclosure Framework" Project Aimed at More Useful, Organized, and Consistent Disclosures
July 8, 2009
Summary of Board Decisions—FASB Board Meeting 07-01-09
July 1, 2009
FASB Accounting Standards CodificationTM Launches Today—The Codification is now officially the single source of authoritative nongovernmental U.S. GAAP
July 1, 2009
FASB Issues Exposure Draft on Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses
June 24, 2009
Summary of Board Decisions—FASB Board Meeting 06-24-09
June 24, 2009
FASB Chairman Robert Herz to Address the National Press Club in Washington, DC on June 26
June 18, 2009
Summary of Board Decisions—FASB Board Meeting 06-17-09
June 17, 2009
FAF Announces FASB Accounting Standards CodificationTM Packages and Pricing:
- Access to the FASB Accounting Standards Codification™ on July 1, 2009
- FAF and AAA to Provide FASB Codification to Faculty and Students
FASB Issues Statements 166 and 167 Pertaining to Securitizations and Special Purpose Entities
June 12, 2009
Summary of Board Decisions—FASB Board Meeting 06-10-09
June 10, 2009
Summary of Board Decisions—FASB Board Meeting 06-03-09
June 3, 2009
FASB Accounting Standards CodificationTM to Officially Launch on July 1, 2009
June 3, 2009
FASB Issues Statement No. 165, Subsequent Events
May 28, 2009
Summary of Board Decisions—FASB Board Meeting 05-27-09
May 27, 2009
FASB Issues Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions
May 22, 2009
Summary of Board Decisions—FASB/IASB Joint Videoconference Board Meeting 05-21-09
May 21, 2009
Summary of Board Decisions—FASB Board Meeting 05-18-09
May 18, 2009
Additional Briefing Document Regarding 5/18/09 FASB Decisions about FAS 140 and FIN 46(R)
May 18, 2009
Summary of Board Decisions—FASB Board Meeting 05-06-09
May 6, 2009
Summary of Board Decisions—FASB Board Meeting 04-29-09
April 29, 2009
Summary of Board Decisions—FASB Board Meeting 04-22-09
April 22, 2009
Summary of Board Decisions—FASB Board Meeting 04-15-09
April 15, 2009
FASB Issues Final Staff Positions to Improve Guidance and Disclosures on Fair Value Measurements and Impairments
April 9, 2009
Summary of Board Decisions—FASB Board Meeting 04-08-09
April 8, 2009
Additional Briefing Document Regarding 4/2/09 FASB’s Fair Value and OTTI FSP’s
April 6, 2009
Summary of Board Decisions—FASB Board Meeting 04-02-09
April 2, 2009
Summary of Board Decisions—FASB Board Meeting 04-01-09
April 1, 2009
Summary of Board Decisions—FASB/IASB Joint Board Meeting 03 23-24 09
March 27, 2009
IASB and FASB Announce Further Steps in Response to Global Financial Crisis
March 24, 2009
IASB and FASB Launch Public Consultation on a Future Standard on Lease Accounting
March 19, 2009
Summary of Board Decisions—FASB Board Meeting 03-18-09
March 18, 2009
FASB Issues Proposals to Improve Guidance on Fair Value Measurements and Impairments
March 17, 2009
Summary of Board Decisions—FASB Board Meeting 03-16-09
March 16, 2009
Accounting Standards Board of Japan Meets with Financial Accounting Standards Board to Discuss Global Convergence
March 13, 2009
FASB Chairman Robert H. Herz Testifies on Mark-to-Market Accounting
March 12, 2009
Summary of Board Decisions—FASB Board Meeting 03-04-09
March 4, 2009
Summary of Board Decisions—FASB Board Meeting 02-26-09
February 26, 2009
Summary of Board Decisions—FASB Board Meeting 02-25-09
February 25, 2009
Summary of Board Decisions—FASB Board Meeting 02-18-09
February 18, 2009
FASB Initiates Projects to Improve Measurement and Disclosure of Fair Value Estimates
February 18, 2009
John J. Brennan Elected Chairman of the Financial Accounting Foundation
February 12, 2009
Financial Accounting Foundation Appoints Jeffrey Diermeier, Cynthia Eisenhauer, and Dennis Kass to its Board of Trustees
February 12, 2009
Summary of Board Decisions—FASB Board Meeting 01-28-09
January 28, 2009
Summary of Board Decisions—FASB Board Meeting 01-23-09
January 23, 2009
Summary of Board Decisions—FASB Board Meeting 01-22-09
January 22, 2009
Summary of Board Decisions—FASB Board Meeting 01-21-09
January 21, 2009
Summary of Board Decisions—FASB Board Meeting 01-14-09
January 14, 2009
Summary of Board Decisions—FASB Board Meeting 01-07-09
January 7, 2009
FASB Issues Staff Position FIN 48-3, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises
December 30, 2008
IASB and FASB Announce Membership of Financial Crisis Advisory Group
December 30, 2008
FASB Issues Proposed Staff Position to Improve the Financial Reporting for Financial Instruments
December 24, 2008
FASB Issues First of Two Proposed Staff Positions to Improve the Financial Reporting for Financial Instruments
December 19, 2008
IASB and FASB Propose Joint Approach for Revenue Recognition
December 19, 2008
Summary of Board Decisions—FASB Board Meeting 12-17-08
December 17, 2008
Summary of Board Decisions—FASB Board Meeting 12-15-08
December 16, 2008
FASB Issues Proposed FASB Staff Position FAS 141(R)-a, Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies
December 15, 2008
FASB Issues FSP FAS 140-4 and FIN 46(R)-8, Disclosures by Public Entities (Enterprises) about Transfers of Financial Assets and Interests in Variable Interest Entities
December 11, 2008
Summary of Board Decisions—FASB Board Meeting 12-10-08
December 10, 2008
FASB Accounting Standards CodificationTM Expected to Officially Launch on July 1, 2009
December 4, 2008
Accounting Standards Board of Japan Meets with Financal Accounting Standards Board
December 1, 2008
Summary of Board Decisions—FASB Board Meeting 11-24-08
November 24, 2008
FASB to Issue FSP FAS 140-4 and FIN 46(R)-8, Disclosures about Transfers of Financial Assets and Interests in Variable Interest Entities, by December 15, 2008
November 21, 2008
Summary of Board Decisions—FASB Board Meeting 11-19-08
November 20, 2008
Hans Hoogervorst and Harvey Goldschmid to Co-Chair Advisory Group Considering Financial Reporting Issues Arising from Global Economic Crisis
November 14, 2008
Summary of Board Decisions—FASB Board Meeting 11-12-08
November 12, 2008
IASB and FASB Announce Dates for US and Asian Round Tables on Global Financial Crisis November 6, 2008
Summary of Board Decisions—FASB Board Meeting 11-05-08
November 5, 2008
IASB and FASB to Hold First Round Table on Global Financial Crisis in London on 14 November 2008
November 3, 2008
Summary of Board Decisions—FASB Board Meeting 10-29-08
October 29, 2008
Summary of Decisions Reached—Joint IASB and FASB Board Meeting
October 20-21, 2008
IASB and FASB Commit to a Global Approach to Enhance Market Confidence
October 20, 2008
IASB and FASB Create Advisory Group to Review Reporting Issues Related to Credit Crisis
October 16, 2008
IASB and FASB Launch Consultation on Proposed Enhancements to the Presentation of Financial Statements
October 16, 2008
Summary of Decisions Reached—FASB Board Meeting 10-15-08
October 15, 2008
Summary of Decisions Reached—FASB Board Meeting 10-10-08
October 10, 2008
FASB Issues Exposure Drafts on Going Concern and Subsequent Events
October 9, 2008
Summary of Decisions Reached—Not-for-Profit Organizations: Mergers and Acquisitions—FASB Board Meeting 10-08-08
October 8, 2008
Summary of Decisions Reached—Accounting for Uncertainty in Income Taxes—FASB Board Meeting 10-01-08
October 1, 2008
Summary of Decisions Reached—FASB Board Meeting 10-01-08
October 1, 2008
Change in agenda for FASB Wednesday, Oct 1 Board meeting
September 30, 2008
SEC Office of the Chief Accountant and FASB Staff Clarifications on Fair Value Accounting
September 30, 2008
Financial Accounting Foundation Appoints Marc A. Siegel to the Financial Accounting Standards Board
September 26, 2008
FASB Proposes Improvements to Reporting of a Discontinued Operation
September 25, 2008
Summary of Decisions Reached—Revenue Recognition—FASB Board Meeting 9-24-08
September 25, 2008
Summary of Decisions Reached—Contingency Disclosures—FASB Board Meeting 9-24-08
September 24, 2008
Summary of Decisions Reached—Mergers and Acquisitions by a Not-for-Profit Organization—FASB Board Meeting 9-24-08
September 24, 2008
Summary of Decisions Reached—FAS 132(R): Disclosures about Plan Assets—FASB Board Meeting 9-24-08
September 24, 2008
Summary of Decisions Reached—EITF Board Ratification—FASB Board Meeting 9-24-08
September 24, 2008
MEDIA ADVISORY—Insurance Industry Topic Released onto the FASB Accounting Standards CodificationTM for the Verification Phase
September 19, 2008
MEDIA ADVISORY—FASB Chairman Robert Herz Delivers Insights About Current Financial Crisis in Speech to Diverse Group of Executives
September 18, 2008
Summary of Decisions Reached—FASB Board Meeting 9-18-08
September 18, 2008
FASB Issues Exposure Drafts to Amend Statement 140 and Interpretation 46(R)
September 15, 2008
FASB Issues FASB Staff Position (FSP) No. 133-1 and FIN 45-4, Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161
September 12, 2008
IASB and FASB Publish Update to 2006 Memorandum of Understanding
September 11, 2008
MEDIA ADVISORY—Update: Forthcoming Issuance of Exposure Drafts to Amend Statement 140 and Interpretation 46(R)
September 3, 2008
Summary of Decisions Reached—FASB Board Meeting 8-27-08
August 27, 2008
MEDIA ADVISORY—Business Combinations Topic Released onto the FASB Accounting Standards CodificationTM for the Verification Phase
August 21, 2008
FASB Issues Revised Exposure Draft on Earnings per Share
August 7, 2008
FASB issues FASB Staff Position (FSP) FAS 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds
August 6, 2008
Summary of Decisions Reached—FASB Board Meeting 8-6-08
August 6, 2008
Summary of Decisions Reached—FASB Board Meeting 7-30-08
July 30, 2008
Summary of Decisions Reached—FASB Board Meeting 7-23-08
July 23, 2008
MEDIA ADVISORY—The Financial Accounting Foundation and the Financial Accounting Standards Board to Host High-Quality Global Accounting Standards: Issues and Implications for U.S. Financial Reporting
FASB Issues Exposure Draft on Accounting for Hedging Activities
June 6, 2008
FASB Issues Exposure Draft on Disclosure of Certain Loss Contingencies
June 5, 2008
MEDIA ADVISORY—Alicia A. Posta Named Executive Director of FASB Advisory Councils
June 3, 2008
MEDIA ADVISORY—FASB Announces Changes in Staff Leadership
June 2, 2008
US FASB and IASB Seek Views on Two Consultative Documents on the Conceptual Framework
May 29, 2008
Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence
May 27, 2008
FASB Issues Statement No. 163, Accounting for Financial Guarantee Insurance Contracts
May 23, 2008
George J. Batavick to Remain on the Financial Accounting Standards Board
May 22, 2008
Financial Accounting Foundation Names Teresa S. Polley President and Chief Operating Officer
May 21, 2008
FASB Issues Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles
May 9, 2008
The Financial Accounting Standards Board and the China Accounting Standards Committee Sign Memorandum of Understanding
April 28, 2008
The Financial Accounting Foundation and the Financial Accounting Standards Board to Host High-Quality Global Accounting Standards: Issues and Implications for U.S. Financial Reporting
April 17, 2008
SEC Content Released onto the FASB Accounting Standards CodificationTM for the Verification Phase
April 3, 2008
FASB Issues Invitation to Comment, Reducing Complexity in Reporting Financial Instruments, including IASB Discussion Paper, Reducing Complexity in Reporting Financial Instruments
March 28, 2008
FASB Issues Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities
March 19, 2008
FASB Issues Proposed FASB Staff Position (FSP) No. 132(R)-a, Employers’ Disclosures about Postretirement Benefit Plan Assets
March 19, 2008
The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB
February 26, 2008
FASB Issues Proposed FASB Staff Position FAS 117-a, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures
February 22, 2008
Staff Position FIN 48-2, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises
February 1, 2008
FASB Launches Verification Phase for the FASB Accounting Standards CodificationTM
January 15, 2008
FASB issues FASB Statements No. 141 (R), Business Combinations and No. 160, Noncontrolling Interests in Consolidated Financial Statements
December 4, 2007
FASB Issues Preliminary Views on Financial Instruments with Characteristics of Equity
November 30, 2007
FASB Rejects Deferral of Statement 157 for Financial Assets and Liabilities
November 14, 2007
Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence
October 24, 2007
FASB Accounting Standards CodificationTM
Approaches Constituent Verification Phase
October 19, 2007
FASB Issues Invitation to Comment on Agenda Proposal: Accounting for Insurance Contracts by Insurers and Policyholders
August 2, 2007
FASB Issues Proposed Staff Position on FAS 140-d, Accounting for Transfers of Financial Assets and Repurchase Financing Transactions
July 25, 2007
FASB Issues Proposal to Clarify the "Shortcut Method" of Hedge Accounting
July 24, 2007
STATEMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD—JULY 2, 2007
The Financial Accounting Standards Board remains committed to the convergence of high-quality accounting standards worldwide, as demonstrated by its partnership with the IASB to improve financial statement presentation. To that end, a joint project was initiated that seeks to improve the quality of financial reporting. The FASB has requested further study of the practicality of requiring expanded information about profit, loss, assets and cash flow of operating segments within the context of the FSP project.
FASB Issues Statement Expressing Strong Support for SEC Advisory Committee on Improvements to Financial Reporting
June 27, 2007
Financial Accounting Standards Board to Form Resource Group on Valuation Guidance Issues
June 21, 2007
Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence
June 6, 2007
Financial Accounting Foundation Appoints Girard Miller and Jan I. Sylvis to Governmental Accounting Standards Board
April 26, 2007
FASB Issues an Exposure Draft to Improve the Accounting for Financial Guarantee Insurance Contracts—Proposal Is Written in New FASB Format Designed to Enhance Understandability
April 18, 2007
Financial Accounting Foundation Notice Regarding SOX Compliance Scam
Financial Accounting Foundation Appoints Lawrence W. Smith to the FASB
April 9, 2007
Private Company Financial Reporting Committee Announces Membership
March 6, 2007
FASB Standard Establishes Fair Value Option for Financial Assets and Liabilities—Standard Seeks to Reduce Complexity and Improve Relevance of Financial Statements
February 15, 2007
The Financial Accounting Foundation Reappoints Timothy P. Flynn and James H. Quigley to Its Board of Trustees—Independent Oversight Body of FASB and GASB Also Appoints Three New Trustees, Robert T. Blakely, Ellyn L. Brown, and John J. Radford
January 30, 2007
Financial Accounting Foundation Reappoints Robert H. Herz as Chairman of Financial Accounting Standards Board
January 23, 2007
FASB Seeks Constituent Views on Valuation Guidance
January 16, 2007
Financial Accounting Standards Board Establishes Investors Technical Advisory Committee
January 2, 2007
FASB Proposes Improved Disclosures for Derivatives and Hedging Activities
December 8, 2006
Judith H. O'Dell to Chair Committee on Private Company Financial Reporting
December 7, 2006
FAF Appoints Dennis H. Chookaszian, Former Chairman and CEO of CNA Insurance Companies, as FASAC Chairman
December 4, 2006
Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan hold Second Meeting in Pursuit of Global Convergence
November 8, 2006
FASB Proposals Improve M&A Accounting Guidance for Not-For-Profit-Organizations, Provide Decision Useful Information to Financial Statement Users
October 9, 2006
FASB Improves Employers’ Accounting For Defined Benefit Pension and Other Postretirement Plans—Investors, Employees, Retirees and Other Financial Statement Users Will Now Receive More Complete Information
September 29, 2006
FASB Standard Provides Enhanced Guidance for Measuring Fair Value—Board Establishes Measurement Framework and Expands Disclosures Associated With Fair Value Measurements
September 15, 2006
Edward W. Trott to Leave Financial Accounting Standards Board in 2007
August 24, 2006
FASB Formally Adds Project to Reconsider Lease Accounting—Board Responds to Investors’ Request for Clearer Reporting of Leasing Arrangements
July 19, 2006
FASB Increases Relevance and Comparability of Financial Reporting of Income Taxes—Final Interpretation Reduces Widespread Diversity in Practice
July 13, 2006
FASB FSP Will Require Recalculation of Leveraged Leases If Timing of Tax Benefits Affect Cash Flows
July 13, 2006
US FASB and IASB Publish First Draft Chapters of Joint Conceptual Framework—Boards seek constituents’ feedback on proposal that defines objective of financial reporting and qualitative characteristics of decision-useful information
July 6, 2006
FASB to Hold Public Roundtable on Proposal to Improve Accounting for Postretirement Benefit Plans, Including Pensions
June 23, 2006
FASB Seeks Constituent Views on Proposal to Further Clarify the Definition of a Public Entity
June 23, 2006
FASB and AICPA Issue Proposal to Improve Financial Reporting for Private Companies
June 8, 2006
FASB Seeks Constituent Views on the Bifurcation of Insurance and Reinsurance Contracts—Board Invites Comments on Project to Improve Financial Reporting for Insurance Accounting
May 26, 2006
Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Meet In Pursuit of Global Convergence
May 22, 2006
Financial Accounting Foundation Appoints Distinguished Accounting Professor Thomas J. Linsmeier to the FASB
May 16, 2006
The Financial Accounting Foundation Appoints Christopher C. Allen as Director of Government Relations
May 9, 2006
The Financial Accounting Foundation Appoints Susan M. Phillips, Dean of The George Washington University School of Business and Former Federal Reserve Governor, to FAF Board of Trustees
April 14, 2006
FASB Emerging Issues Task Force Invites Public Comment On Three Draft Abstracts
April 6, 2006
FASB Issues Exposure Draft to Improve Accounting For Postretirement Benefit Plans, Including Pensions—Proposed Statement Would Increase Transparency and Completeness of Financial Statements
March 31, 2006
FASB Issues Statement to Simplify Accounting for Separately Recognized Servicing Assets and Liabilities
March 17, 2006
Leslie F. Seidman Reappointed to Financial Accounting Standards Board
March 6, 2006
FASB and IASB Reaffirm Commitment to Enhance Consistency, Comparability and Efficiency in Global Capital Markets
February 27, 2006
FASB Responds to SEC Study on Off-Balance Sheet Arrangements, Reaffirming Commitment to Address and Improve Outdated, Complex Standards—Priority Remains on Improving Transparency, Usefulness of Financial Reporting for Investors and Capital Markets
February 16, 2006
The Financial Accounting Standards Board Issues Final Standard to Account for Certain Hybrid Financial Instruments—New Standard Provides a Means to Simplify Accounting
February 16, 2006
The Financial Accounting Standards Board Issues Proposal to Create a Fair Value Option for Financial Assets and Liabilities—Exposure Draft Seeks to Reduce Complexity in Accounting for Financial Instruments
January 25, 2006
FASB Member Katherine Schipper Will Not Seek Reappointment
January 20, 2006
The Financial Accounting Foundation Appoints Timothy P. Flynn, Chairman and Chief Executive Officer of KPMG LLP to the Foundation’s Board of Trustees
December 21, 2005
FASB Adds Comprehensive Project to Reconsider Accounting for Pensions and Other Postretirement Benefits—Board Seeks to Improve Transparency and Usefulness for Investors, Creditors, Employees, Retirees and Other Users of Financial Information
November 10, 2005
FASB Issues Revised Proposal to Improve Reporting of Earnings per Share and Enhance Comparability in Cross-Border Financial Reporting
September 30, 2005
Financial Accounting Standards Board Launches Investor Task Force (ITF)—Nation’s Top Investors Will Provide Sector Specific Input and Expertise to Board on Accounting Issues
September 29, 2005
The Financial Accounting Foundation Appoints Robert J. DeSantis President and Chief Operating Officer
September 22, 2005
The Financial Accounting Foundation Appoints Rick Anderson to FAF Board of Trustees and Announces Additional Reappointments
September 21, 2005
FASB Issues Three Exposure Drafts, Accounting for Transfers of Financial Assets, Accounting for Servicing of Financial Assets, and Accounting for Certain Hybrid Financial Instruments
August 11, 2005
The Financial Accounting Standards Board Issues Proposal on Accounting for Uncertain Tax Positions—Exposure Draft Seeks to Reduce Widespread Diversity In Accounting for Income Taxes
July 14, 2005
IASB and FASB Publish First Joint Proposals To Improve The Accounting And Reporting Of Business Combinations
June 30, 2005
Financial Accounting Standards Board Chairman Comments on SEC Staff Report on Off-Balance Sheet Arrangements, Special Purpose Entities and Related Issues
June 15, 2005
FASB Issues Accounting Standard That Improves the Reporting of Accounting Changes as Part of Convergence Effort with IASB
June 1, 2005
Michael Crooch Reappointed to Financial Accounting Standards Board
May 25, 2005
Financial Accounting Foundation Names Marcia L. Taylor to GASB Board; Reappoints William W. Holder to Board
May 23, 2005
Financial Accounting Foundation Appoints Keith L. Johnson as Chairman of the Governmental Accounting Standards Advisory Council
May 23, 2005
FASB Issues Proposal on the GAAP Hierarchy
April 28, 2005
FASB Issues Final Interpretation on Accounting for Conditional Asset Retirement Obligations
March 30, 2005
FASB Issues Final Statement on Accounting for Share-Based Payment
December 16, 2004
FASB Will Hold Press Conference Today to Announce Final Statement on Accounting for Share-Based Payment
December 16, 2004
FASB Issues Accounting Standard That Improves the Accounting for Nonmonetary Asset Exchanges as Part of Convergence Effort with IASB
December 16, 2004
FASB Issues Accounting Standard to Improve the Accounting and Reporting of Real Estate Time-Sharing Transactions
December 16, 2004
FASB Issues Accounting Standard That Converges with the IASB's Accounting Standard on Inventory
November 24, 2004
Financial Accounting Foundation Names Donald M. Young to the FASB
October 14, 2004
FASB Issues Proposal on Fair Value Measurements
June 23, 2004
FASB Publishes Proposal to Clarify the Accounting Guidance for Conditional Asset Retirement Obligations
June 17, 2004
Financial Accounting Foundation Trustees Issue Statement Opposing Legislative Proposals to Curb FASB Independence
June 14, 2004
Financial Accounting Foundation Chairman Responds to House Subcommittee’s Action on “The Stock Option Accounting Reform Act”
May 17, 2004
FASB Publishes Proposal on Equity-Based Compensation to Improve Accounting and Provide Greater Transparency for Investors
March 31, 2004
FASB Establishes Small Business Advisory Committee
March 18, 2004
Financial Accounting Foundation Reappoints Edward W. Trott, FASB Board Member, and Paul R. Reilly, GASB Board Member
February 19, 2004
Robert H. Attmore Elected Chairman of the Governmental Accounting Standards Board
February 11, 2004
FASB Publishes Revised Interpretation to Clarify and Expand on Accounting Guidance for Variable Interest Entities
December 24, 2003
Revised—FASB Issues Accounting Standard to Improve Disclosures about Pension and Other Postretirement Benefit Plans
December 23, 2003
FASB Issues Exposure Drafts to Improve Accounting Guidance and Support Convergence of Global Accounting Standards
December 15, 2003
FASB Publishes Exposure Draft on Consolidation of Variable Interest Entities
October 31, 2003
Robert E. Denham Elected Chairman of Financial Accounting Foundation; Edward V. Regan Named Trustee
October 30, 2003
FASB Defers Implementation Date for Accounting Guidance on Variable Interest Entities
October 9, 2003
FASB Proposes Improvements to Financial Statement Disclosures for Pension and Other Postretirement Plans
September 15, 2003
Financial Accounting Foundation Names George J. Batavick to FASB
July 14, 2003
FASB Seeks to Improve Accounting for Qualifying Special-Purpose Entities
June 10, 2003
FASB Improves Accounting for Financial Instruments with Characteristics of both Liabilities and Equity
May 15, 2003
FASB Issues Standard That Amends and Clarifies Accounting Guidance on Derivatives
April 30, 2003
Leslie F. Seidman Named to FASB; Gary S. Schieneman Reappointed to Board
April 29, 2003
FASB Adds Projects to Its Agenda on Employee Stock Options and Pensions
March 12, 2003
FASB Issues Exposure Draft on Accounting for Real Estate Time-Sharing Transactions
February 20, 2003
FASB Establishes User Advisory Council and Plans First Council Meeting for February 13
February 6, 2003
FASB Issues Guidance to Improve Financial Reporting for SPEs, Off-Balance Sheet Structures and Similar Entities
January 17, 2003
FASB Member John Wulff to Resign
January 2003
FASB Amends Transition Guidance for Stock Options and Provides Improved Disclosures
December 31, 2002
FASB Issues Accounting Guidance to Improve Disclosure Requirements for Guarantees
November 25, 2002
FASB Issues Invitation to Comment That Compares IASB's and FASB's Accounting for Stock-Based Compensation
November 18,2002
FASB and IASB Agree to Work Together toward Convergence of Global Accounting Standards
October 29, 2002
FASB Issues Proposal for a Principles-Based Approach to U.S. Accounting Standard Setting
October 21, 2002
FASB Issues Exposure Draft on Accounting for Stock Options, Amends Transition and Disclosure Provisions
October 4, 2002
FASB Issues Statement No. 147, Acquisitions of Certain Financial Institutions
October 1, 2002
FASB and IASB Will Hold Joint Meeting in Support of Convergence of Global Accounting Standards
September 17, 2002
FASB's Plans Regarding the Accounting for Employee Stock Options
July 31, 2002
FASB Issues Statement No. 146, Accounting for Costs Associated with Exit or Disposal Activities
July 30, 2002
Financial Accounting Foundation Increases Its Independence Through Amended Trustee Appointment Process
July 25, 2002
FASB Proposes Consolidation Principles for SPEs
July 1, 2002
FASB Issues Exposure Draft That Expands Disclosure Requirements for Guarantees
May 22, 2002
FASB Adds Revenue Recognition Project to Its Agenda
May 20, 2002
FASB Publishes Exposure Draft, Acquisitions of Certain Financial Institutions, That Amends Statements 72, 144 and
Interpretation 9
May 13, 2002
FASB Exposure Draft Amends Definition of a Derivative and Statement 133 to Provide for More Consistent Accounting
May 1, 2002
FASB Issues Financial Accounting Statement No. 145
April 30, 2002
Robert H. Herz Named Chairman of the Financial Accounting Standards Board
April 24, 2002
Financial Accounting Foundation Changes Financial Accounting Standards Board’s Voting to Increase Efficiency
April 24, 2002
FASB Chairman Comments on Proposed Legislation
March 19, 2002
Financial Accounting Foundation Considers Changes to Streamline FASB Process; Emphasizes Need for Independent Accounting Standard Setter
March 14, 2002
FASB Publishes Revised Exposure Draft on the Rescission of Statements No. 4, 44 and 64 and Technical Corrections
February 15, 2002
FASB Chairman Edmund L. Jenkins Testifies Before Congressional Committee on Financial Reporting’s Role in Protecting Investors
February 14, 2002
FASB Chairman Edmund L. Jenkins Will Testify Before Congressional Committee
February 13, 2002
James M. Williams Named to the Governmental Accounting Standards Board
January 21, 2002
FASB Focuses on Three New Projects—Revenue and Liability Recognition, Disclosure About Intangible Assets, and Codification and Simplification of Accounting Literature
January 14, 2002
Application of FAS 133 to Loan Commitments
December 19, 2001
FASB Publishes Exposure Draft on the Rescission of FASB Statements No. 4, 44 and 64 and Technical Corrections
November 15, 2001
Former Chairman of Foster Wheeler Richard J. Swift To Head Financial Accounting Standards Advisory Council
November 5, 2001
Edward J. Mazur Reappointed to the Governmental Accounting Standards Board
November 1, 2001
FASB Adds Financial Performance Reporting To Its Agenda
October 31, 2001
FASB Chairman Edmund L. Jenkins Elects To Retire Upon Completion Of His Five-Year Term
October 25, 2001
FASB Releases Video On The Importance Of Quality Financial Reporting; Leading Financial Authorities Discuss Key Issues
October 15, 2001
FASB Issues Statement No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets
October 3, 2001
FASB's Emerging Issues Task Force Decides Against Extraordinary Treatment for Terrorist Attack Costs
October 1, 2001
FASB's Emerging Issues Task Force Discusses Impact of Recent Terrorist Attacks on Businesses' Financial Reporting
September 21, 2001
FASB Issues Two Agenda Proposals for Comment—Financial Performance Reporting and Disclosure About Intangible Assets
August 21, 2001
FASB Issues Statement on Asset Retirement Obligations
August 16, 2001
FASB Issues Technical Bulletin on Statement 140
July 23, 2001
FASB Issues Two Statements on Its Business Combinations Project
July 20, 2001
FASB Proposal Would Amend Accounting for Certain Costs and Activities Related to Property, Plant and Equipment
July 10, 2001
FASB Issues Standard on Accounting for Asset Retirement Obligations
July 5, 2001
FASB Completes Business Combinations Project
July 5, 2001
FASB Completes Decisions on Business Combinations Project; Prepares for Drafting of Two Final Statements
May 22, 2001
FASB Issues Technical Bulletin, Effective Date for Certain Financial Institutions of Certain Provisions of Statement 140 Related to the Isolation of Transferred Financial Assets
May 21, 2001
Gary S. Schieneman Named to FASB
May 14, 2001
FASB Publishes Report, Business and Financial Reporting, Challenges from the New Economy
April 11, 2001
The FASB Publishes Report on Redundancies, GAAP-SEC Disclosure Requirements
March 6, 2001
FASB Issues Special Report on FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities
February 15, 2001
FASB Issues Limited Exposure Draft on Accounting for Goodwill in Connection with Proposal on Business Combinations
February 13, 2001
FASB Issues Report on Voluntary Disclosures, Improving Business Reporting: Insights into Enhancing Voluntary Disclosures
January 29, 2001
Anthony T. Cope and James J. Leisenring to Join IASB
January 25, 2001
FASB Reconfirms Its Plans to Eliminate Pooling-of-Interests Method of Accounting
January 24, 2001
Katherine Schipper Named to FASB
January 24, 2001
John K. Wulff Named to FASB
January 24, 2001
FASB Reports Change In Approach To Its Consolidation Policy Project
January 11, 2001
FASB Publishes Special Report of the Joint Working Group of Standard Setters on Financial Instruments
January 5, 2001
Financial Accounting Standards Board Announces Additional Decisions Relating to the Treatment of Goodwill
December 20, 2000
International Efforts Lead to Third Edition of GAAP Comparison
December 15, 2000
FASB Reaches Tentative Decision on Accounting for Purchased Goodwill
December 6, 2000
Green, Tracy Reappointed to Governmental Accounting Standards Board
October 27, 2000
FASB Issues Two Proposals on Accounting for Financial Instruments
October 27, 2000
Chairman Jenkins Responds to Letter from Senator Abraham
October 5, 2000
Potential Legislation Is Harmful to Investors and Harmful to Private-Sector Standard Setting
October 4, 2000
FASB Issues Statement on Securitizations
September 28, 2000
FASB Issues Proposed Rule on Asset Impairment and Disposals
July 12, 2000
FASB Issues Amendment to Derivatives Standard
June 15, 2000
FASB Rescinds Statement on Motion Pictures
June 15, 2000
Chairman Jenkins Testifies at House Hearing
May 4, 2000