NEWS RELEASE 06/01/11
Financial Accounting Standards Board Launches IN FOCUS: WEBCAST
Educational Webcast Series with CPE Credit
Norwalk, CT, June 1,
2011—The Financial Accounting Standards Board (FASB) today announced
the launch of IN FOCUS: WEBCAST, an educational webcast series that
will offer continuing professional education (CPE) credit to those participating
in these live broadcasts. Webcasts in the series will focus on financial
accounting and reporting developments of importance to the FASB’s stakeholders,
such as recently issued final standards, Exposure Drafts, or changes to the US
GAAP Financial Reporting Taxonomy.
“In recent years, the FASB has been
using webcast technology to inform stakeholders about important financial
reporting changes and other developments,” said Leslie F. Seidman, Chairman of
the FASB. “We hope that by offering continuing education credit through the
IN FOCUS: WEBCAST series, we will encourage a broader group of
stakeholders to stay current and share their views on our standard-setting
activities.”
The first in the new educational webcast series is focused
on issues important to nonpublic entities and will be held on Friday, June 17,
2011. That will be followed by a webcast focused on the US GAAP Financial
Reporting Taxonomy on Wednesday, June 22, 2011. The June 17 and 22 webcasts will
be provided free of charge. More details about these programs, including
registration information, will be announced shortly.
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.