News Release 06/12/15


Participants in Live Webcast Eligible for Up to 2 CPE Credits

Norwalk, CT, June 12, 2015Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast that provides an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations. IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations will take place on Tuesday, June 23, 2015, from 1:00 to 2:40 p.m. EDT.

Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 2 hours of Continuing Professional Education (CPE) credits. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature Daryl E. Buck, FASB member; Marc A. Siegel, FASB member; Jeffrey D. Mechanick, FASB assistant director—nonpublic entities; Michael K. Cheng, FASB supervising project manager; Richard A. Cole, FASB supervising project manager; and Elizabeth A. Gagnon, FASB project manager, discussing the following topics:
  1. An overview of the FASB’s current agenda
  2. Activities of the PCC, including key issues, PCC input on FASB agenda projects, and PCC town hall meetings
  3. FASB simplification projects
  4. Not-for-profits update
  5. Implementation activities related to the FASB’s Revenue Recognition standard
  6. Update on other FASB joint projects with the IASB (Leases, Financial Instruments)
  7. Definition of a Business project
  8. Disclosures by Business Entities about Government Assistance
  9. Other recently-issued standards
  10. Audience question-and-answer session.
An archive of the webcast will be available on the FASB website through September 21, 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, 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