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Superseded by FAS 168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

 

REFERENCE LIBRARY