MEDIA ADVISORY 10/11/10
FASB Announces Changes to the Schedule of Public Roundtables to Solicit
Input on the IASB Staff Draft on Consolidated Financial
Statements
Norwalk, CT, October 11, 2010—The Financial
Accounting Standards Board (FASB) has announced that the two public roundtables
being held in conjunction with the International Accounting Standards Board
(IASB) to elicit input from stakeholders on the IASB Staff Draft on consolidated
financial statements are rescheduled from Monday, October 25, 2010, to
Monday, November 22, 2010. Session 1 will be held from 8:00 a.m. to
11:00 a.m. Session 2 will be held from 12:00 p.m. to 3:00 p.m. Both sessions
will take place at the FASB offices, 401 Merritt 7, Norwalk, Connecticut
06856.
Any individual or organization desiring to participate must notify
the FASB and provide responses to the questions included in the roundtable
agenda by sending an e-mail to director@fasb.org
by Wednesday, November 3, 2010. In the interim, any questions
or comments on the IASB Staff Draft should be directed to Trevor Farber (tfarber@fasb.org)
or Jana Streckenbach (jstreckenbach@ifrs.org).
Public roundtable meetings provide FASB members the opportunity to learn
about various stakeholders’ views on a proposal. They also provide the various
stakeholders in our financial reporting system (users, preparers, auditors, and
others) the opportunity to learn about and discuss each others’ views. As a
result, the FASB is seeking participants representing a wide variety of
stakeholders including users, preparers, auditors, and others, to ensure that it
receives the broadest possible input.
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 www.fasb.org.