The Financial Accounting Standards Board’s Disclosure Project

Financial Accounting Standards Board member Marc Siegel tells Bloomberg BNA about the five different disclosure projects that it is “road testing.” FASB wants to improve the effectiveness of disclosures for preparers communicating with investors. Fair values, defined benefit plans, tax, inventory, and government assistance are the five disclosure projects. The feedback will help the board redeliberate and adjust its process, Siegel says.
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