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Article: US FASB and IASB Seek Views on Two Consultative Documents on the Conceptual Framework.
- Article from:
- Business Wire
- Article date:
- May 29, 2008
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NORWALK, Conn. -- The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) today published consultative documents that seek public comment on two of the eight phases of their joint project to develop an improved conceptual framework. The objective of the project is to develop an improved conceptual framework that provides a sound foundation for developing future accounting standards.
Exposure Draft of Chapters 1 and 2 of the Framework
The first document published today is an Exposure Draft of chapters 1 and 2 of the framework. It seeks views on an improved objective of financial reporting, the qualitative ...