Abstract
On September 24, 2015 the Financial Accounting Standards Board (FASB) solicited public comments on a proposed Accounting Standards Update of the FASB Accounting Standards Codification. The stated objective is to improve the effectiveness of footnote disclosures to financial statement users. The focus of the Update is to clarify the way materiality should be considered when assessing requirements for providing information in the notes. The comment period ended on December 8, 2015. This commentary summarizes the contributors’ views on these amendments.
Original language | English |
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Pages (from-to) | C1-C9 |
Journal | Current Issues in Auditing |
Volume | 10 |
Issue number | 2 |
DOIs |
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State | Published - Dec 2016 |
Bibliographical note
Publisher Copyright:© 2016 American Accounting Association. All rights reserved.
ASJC Scopus subject areas
- Accounting