MEDIA ADVISORY 08/14/12
Registration Opens for September 5 Webcast, IN FOCUS: The FASB Disclosure
Framework Project
Norwalk, CT, August 14, 2012—Registration is now open for the upcoming
Financial Accounting Standards Board (FASB) webcast, IN FOCUS: The FASB
Disclosure Framework Project. This live webcast, offered free of charge,
will take place on Wednesday, September 5, 2012, from 1:00 to 2:00 p.m. EDT.
Participants in the live broadcast will be eligible for up to 1 hour of CPE
credit. (Please note that CPE credit is not available for group viewing of the
live broadcast.)
The webcast will feature FASB member Marc Siegel, and
FASB staff members Ron Lott and Nicholas Cappiello, who will provide an overview
of the FASB´s recent Invitation to Comment on a project to establish an
overarching framework to improve the effectiveness of disclosures in notes to
financial statements.
The areas covered in the webcast will
include:
- An overview of the objective of, and desired outcome from, the disclosure
framework
- The Board´s process for establishing disclosure
requirements
- A reporting entity´s assessment of relevance of specific disclosures in
their own circumstances
- Organization, formatting, and style of disclosures in notes.
At
the end of this program, participants will understand some of the Board´s
initial ideas on main elements of the disclosure framework. They will also
obtain a general understanding of what feedback the Board needs from
stakeholders in order to develop the framework. Participants will have the
opportunity to email questions to the panelists during the event.
An
archive of the webcast will be available on the FASB website through Tuesday,
December 4, 2012. (CPE credit will not be available to those who view only the
archived webcast.) More information about the webcast is available at www.fasb.org.
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.