NEWS RELEASE 11/02/12
FASB Extends Disclosure Framework Comment Period to November
30Norwalk, CT, November 2, 2012—The Financial Accounting
Standards Board (FASB) today announced that it would extend the comment period
for its Invitation
to Comment, Disclosure
Framework until November 30, 2012. That paper asks for
stakeholder input on ways to improve effectiveness of disclosures in notes to
financial statements of public, private, and not-for-profit organizations.
"We realize that a substantial number of our stakeholders were affected
by Hurricane Sandy and may have difficulty meeting the original deadline," said
FASB Chairman Leslie F. Seidman. "These stakeholders are encouraged to submit
their written comments as soon as possible, but no later than November 30,
Stakeholders can submit a letter detailing their comments via
email to email@example.com,
File Reference No. 2012-220. Those without email should send a letter to
"Technical Director, File Reference No. 2012-220, FASB, 401 Merritt 7, PO Box
5116, Norwalk, CT 06856-5116."
to Comment, and additional project information, is available at www.fasb.org.