FASB officially launches its new online sole source of authoritative GAAP. Almost five years in the making, the product of what FASB calls the “codification” of GAAP is aimed at easing the use of myriad accounting standards and other guidance by way of a topical structure with cross-reference capabilities. Users of the codified reference system are able to drill down into the rules, subtopic by subtopic, section by section. Updates to the codification will be made as FASB crafts changes in accounting policies. New, but not yet effective, authoritative guidance will be labeled “pending content.”