Status of Statement No. 162
The Hierarchy of Generally Accepted Accounting Principles
Status
Issued: May 2008
- Effective Date:
- 60 days following the SEC’s approval of the PCAOB amendments to AU Section 411 The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles
- Affects:
- Amends FAS 120, footnote 1
- Amends FAS 132(R), paragraph D1
- Amends FAS 141(R), paragraph F1
- Amends FAS 150, paragraph C3
- Amends FAS 154, paragraph 2(b)
- Deletes FAS 154, footnote 1
- Amends FAS 155, paragraph B1
- Amends FAS 156, paragraph B1
- Amends FAS 158, paragraph G1
- Amends FAS 160, paragraph D1
- Amends FAS 161, paragraph B1
- Amends FIN 40, paragraph 3
- Amends FIN 45, paragraph B1
- Amends FIN 48, paragraph C1
- Deletes FIN 48, footnote 3
- Affected by:
- Superseded by FAS 168
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides