News Release 02/26/19

FASB to Host Online Training Forum for Continuing Professional Education Providers


Norwalk, CT, February 26, 2019—The Financial Accounting Standards Board (FASB) will host its semiannual online training forum for professionals and companies who offer accounting continuing professional education (CPE). IN FOCUS: CPE Provider Forum will be webcast live on March 15, 2019, from 12:30 to 2:30 p.m. Eastern Daylight Time.
 
Participants in the live forum must register in advance.  The event will also be archived on the FASB website.
 
“CPE providers play an important role in helping private companies, not-for-profit organizations, and other stakeholders understand and implement new accounting standards,” noted FASB Chairman Russ Golden. “We want to provide these professionals with the best possible information as they develop courses for their clients and colleagues.”
 
During the live event, forum participants can submit questions to a panel that includes FASB Vice Chairman Jim Kroeker, FASB Assistant Director—Nonpublic Entities Jeff Mechanick, FASB Supervising Project Manager Liz Gagnon, and other FASB staff. Topics of discussion are expected to include revenue recognition, leases, credit losses, not-for-profit activities, and other new standards, as well as other projects in progress.
 
The March 15 event is the first of two forums planned for 2019. The next one is scheduled for September 13, 2019.  Registration and other information will be announced in the coming months.


About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.