RELAUNCHED FASB TECHNICAL AGENDA WEB PAGE BRINGS ONLINE VISITORS UP-TO-SPEED
AT A GLANCE
The new plan is found at fasb.org/technicalagenda.
Norwalk, CT, July 17, 2014—The
Financial Accounting Standards Board (FASB) today relaunched its technical
agenda web page to provide a more user-friendly graphic overview of each Board
project and enable visitors to better understand how individual projects relate
to the Board’s overall activities.
new web view groups the FASB’s technical agenda into project “families” and
offers a comprehensive timeline of activities for each project. Visitors can
more easily determine the current project status, review documents and
announcements from completed project stages, identify what steps lie ahead, and
access additional project resources. The updated web page is designed to
accommodate a wide variety of users, including both those who are familiar with
the FASB and its standard-setting activities and those who are less well
“This new website resource is designed to inform visitors at
a glance on where any given FASB project stands, the steps it took to get there,
and what is coming up,” said FASB
Chairman Russell G. Golden. “While this information was available on the
site previously, the new plan presents it in a more visual, intuitive manner
that brings stakeholders up-to-speed quickly and also provides click-through
access to all the resources they might need.”
The technical agenda
groupings, which reflect the Board’s strategic standard-setting goals, include:
For ease of
identification, projects that originated with Private
Company Council (PCC) and Emerging
Issues Task Force (EITF) efforts are tagged as such. Links are included to
sign up for project updates issued via Rich Site Summary (RSS) feed.
- Recognition & Measurement
- Presentation & Disclosure
- Post-Issuance Activities
- An alphabetical listing of all projects.
Standards Board (GASB) is working on a similar relaunch of its technical
agenda web page, which will be completed soon.
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/.