News Release 03/24/15


Norwalk, CT, March 24, 2015Registration is open for an upcoming Financial Accounting Standards Board (FASB) webcast that looks at the 2015 GAAP Taxonomy. IN FOCUS: 2015 GAAP Financial Reporting Taxonomy Changes and Beyond, Taxonomy Implementation Guides, and SEC Update will take place on Thursday, April 2, 2015, from 1:00 to 2:15 p.m. EDT.

Participants in the live broadcast (which is offered free of charge to those who register) will be eligible for up to 1.5 hours of Continuing Professional Education (CPE) credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast panel features FASB Chief of Taxonomy Development Louis Matherne, FASB Project Manager-XBRL Donna Johaneman, FASB XBRL Assistant Project Managers David Shaw and Vickie Lusniak, and Kimberly Earle of the Office of Interactive Data, U.S. Securities and Exchange Commission (SEC).

Topics of discussion will include:
  • Update from the SEC staff on issues in XBRL exhibits
  • Overview of changes in the 2015 Taxonomy Release
  • New 2015 Taxonomy Implementation Guides, including Other Comprehensive Income, Offsetting Assets and Liabilities, and Repurchase-to-Maturity Transactions and Repurchase Financings
  • Taxonomy simplification plans and other enhancements for next year.
An archive of the webcast will be available on the FASB website through July 1, 2015. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the webcast, log on to

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector 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