NEWS RELEASE 08/23/13

REGISTRATION OPENS FOR SEPTEMBER 10 WEBCAST ON PROPOSED 2014 U.S. GAAP FINANCIAL REPORTING TAXONOMY

CPE Webcast Also Features ASU Taxonomy Changes, XBRL Implementation Guides, and Revised Calculation Hierarchy

Norwalk, CT—August 23, 2013—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: Proposed 2014 U.S. GAAP Financial Reporting Taxonomy, ASU Taxonomy Changes, XBRL Implementation Guides, and Revised Calculation Hierarchy. This live webcast, offered free of charge, will take place on Tuesday, September 10, 2013, from 1:00 to 2:30 p.m. Eastern Daylight Time. Participants in the live broadcast will be eligible for up to 1.5 hours of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature an overview of the changes in the proposed 2014 U.S. GAAP Financial Reporting Taxonomy Release available for public review and comment on August 30, including changes to the Taxonomy for Accounting Standards Updates (ASU) and the revised calculation hierarchy. There also will be expanded coverage of the FASB´s growing series of XBRL Implementation Guides. In addition, SEC staff will discuss current XBRL filing issues.

Webcast participants will include Louis Matherne, FASB Chief of Taxonomy Development; Donna Johaneman, FASB Project Manager-XBRL; David Shaw, FASB XBRL Assistant Project Manager; Vickie Lusniak, FASB XBRL Assistant Project Manager; and Kimberly Earle, Office of Interactive Data, U.S. Securities and Exchange Commission.

An archive of the webcast will be available on the FASB website through Monday, December 9, 2013. (CPE credit will not be available to those who view only the archived webcast.) More information about the webcast is available at http://www.fasb.org/.


About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.

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 http://www.fasb.org/.