News Release 08/21/15


Participants in Live Webcast Eligible for Up to 1.5 CPE Credits

Norwalk, CT, August 21, 2015Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webinar that looks at the 2016 GAAP Taxonomy. IN FOCUS: Proposed 2016 GAAP Financial Reporting Taxonomy Changes, Simplification, Filer Counts, and Context Sensitive Guidance will take place on Tuesday, September 22, 2015, from 1:00 to 2:15 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 webinar will feature FASB Chief of Taxonomy Development Louis Matherne, FASB Supervising Project Manager-XBRL Donna Johaneman, FASB XBRL Project Manager David Shaw, FASB XBRL Assistant Project Manager Vickie Lusniak, and Kimberly Earle of the Office of Interactive Data, U.S. Securities and Exchange Commission (SEC).

Panelists will discuss the forthcoming proposed changes to the 2016 GAAP Financial Reporting Taxonomy Release, which is expected to be available on the FASB website on August 31, 2015. The discussion will include an overview of changes that were made to simplify the Taxonomy, such as new features including contextually sensitive implementation guidance and filer counts of elements used. There also will be expanded coverage of the FASB’s growing series of Taxonomy Implementation Guides and coverage of changes to the Taxonomy for Accounting Standards Updates (ASUs). In addition, SEC staff will discuss current XBRL filing issues.

An archive of the webcast will be available on the FASB website through December 21, 2015. (CPE credit will not be available to those who view only the archived webinar.)

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