MEDIA ADVISORY 08/14/12
Registration Opens for September 5 Webcast IN FOCUS: The FASB Disclosure Framework ProjectNorwalk, CT, August 14, 2012—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: The FASB Disclosure Framework Project. This live webcast, offered free of charge, will take place on Wednesday, September 5, 2012, from 1:00 to 2:00 p.m. EDT. Participants in the live broadcast will be eligible for up to 1 hour of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB member Marc Siegel, and FASB staff members Ron Lott and Nicholas Cappiello, who will provide an overview of the FASB’s recent Invitation to Comment on a project to establish an overarching framework to improve the effectiveness of disclosures in notes to financial statements.
The areas covered in the webcast will include:
- An overview of the objective of, and desired outcome from, the disclosure framework
- The Board’s process for establishing disclosure requirements
- A reporting entity’s assessment of relevance of specific disclosures in their own circumstances
- Organization, formatting, and style of disclosures in notes.
At the end of this program, participants will understand some of the Board’s initial ideas on main elements of the disclosure framework. They will also obtain a general understanding of what feedback the Board needs from stakeholders in order to develop the framework. Participants will have the opportunity to email questions to the panelists during the event.
An archive of the webcast will be available on the FASB website through Tuesday, December 4, 2012. (CPE credit will not be available to those who view only the archived webcast.) More information about the webcast is available at www.fasb.org.
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.