MEDIA ADVISORY 10/11/10
FASB Announces Changes to the Schedule of Public Roundtables to Solicit Input on the IASB Staff Draft on Consolidated Financial StatementsNorwalk, CT, October 11, 2010—The Financial Accounting Standards Board (FASB) has announced that the two public roundtables being held in conjunction with the International Accounting Standards Board (IASB) to elicit input from stakeholders on the IASB Staff Draft on consolidated financial statements are rescheduled from Monday, October 25, 2010, to Monday, November 22, 2010. Session 1 will be held from 8:00 a.m. to 11:00 a.m. Session 2 will be held from 12:00 p.m. to 3:00 p.m. Both sessions will take place at the FASB offices, 401 Merritt 7, Norwalk, Connecticut 06856.
Any individual or organization desiring to participate must notify the FASB and provide responses to the questions included in the roundtable agenda by sending an e-mail to firstname.lastname@example.org by Wednesday, November 3, 2010. In the interim, any questions or comments on the IASB Staff Draft should be directed to Trevor Farber (email@example.com) or Jana Streckenbach (firstname.lastname@example.org).
Public roundtable meetings provide FASB members the opportunity to learn about various stakeholders’ views on a proposal. They also provide the various stakeholders in our financial reporting system (users, preparers, auditors, and others) the opportunity to learn about and discuss each others’ views. As a result, the FASB is seeking participants representing a wide variety of stakeholders including users, preparers, auditors, and others, to ensure that it receives the broadest possible input.
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 www.fasb.org.