Golden has served as an FASB
member since his appointment in September 2010, having previously served for six years on the FASB
Golden will succeed current FASB
chairman Leslie F Seidman, whose term ends on June 30.
GAAP increasingly influence each other, making it important for all CPAs to understand how FASB
's conforming a U.S.
The term "probable" has the same meaning as in FASB
Well, it's time to pay attention again as FASB
Right now, chief executives take one of two approaches to FASB
. The first is to ignore it.
"TEI has been keenly monitoring developments at the FASB
for the past year," Mr.
In developing that guidance, the FASB
included several special measurement provisions for private companies designed to ease implementation.
"While the Toronto Valuation Accord continues to seek an already internationally accepted concept of market value, which has been used in other parts of the world for many years, we applaud the FASB
's progress in incorporating market value concepts into its financial reporting framework."
is contacting all current subscribers about renewing their Current Text Loose-leaf Service and offers assurance that subscriptions will continue to be serviced without interruption.
In April 1999, after a limited comment process that the banking agencies participated in, the FASB
issued clarifying guidance, through an article in its "Viewpoints" publication, to banking organizations and other creditors on certain issues that arise in establishing loan-loss allowances in accordance with GAAP.
Financial Accounting Standards Board (FASB
) Chairman Robert Herz is particularly interested in moving this forward.