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By Denise Lugo
Aug. 4 — Some of the thorniest accounting areas that could affect pharmaceutical and biotech firms, technology and software firms, and other sectors are among FASB's potential candidates for its next round of standard-setting work.
The Financial Accounting Standards Board published a consultation paper Aug. 4 to solicit feedback whether to add these topics to its future agenda:
The paper, issued as an invitation to comment, analyzes potential issues and solutions in the four accounting categories. Practitioners that think the accounting guidance should be improved should also clarify what aspects the board should address, FASB said.
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Fro a copy of the invitation to comment, including how to submit comments go to: http://src.bna.com/hsa
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