News Release 08/21/14


Participants in Live Webcast Eligible for Up to 1.5 CPE Credits

Norwalk, CT, August 21, 2014
Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast that looks at the 2015 GAAP Taxonomy. IN FOCUS: Proposed 2015 GAAP Financial Reporting Taxonomy, ASU Taxonomy Changes, Taxonomy Implementation Guides, Taxonomy Simplification will take place on Tuesday, September 9, 2014, from 1:00 to 2:30 p.m. EDT. Participants in the live broadcast (which is offered free of charge to those who preregister) 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 will feature 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.

Panelists will discuss the proposed changes to the 2015 GAAP Financial Reporting Taxonomy Release anticipated to be available for public review and comment by August 29, including changes to the Taxonomy for Accounting Standards Updates (ASU). There also will be expanded coverage of the FASB’s growing series of Taxonomy Implementation Guides and reporting on preliminary findings from the Taxonomy Simplification Initiative. In addition, SEC staff will discuss current XBRL filing issues.

An archive of the webcast will be available on the FASB website through December 8, 2014. (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

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