An April 18, 2014, letter from the Financial Reporting Committee (FRC) and the Small Business Financial and Regulatory Affairs Committee (SBFRC) of IMA[R] to the FASB delved deeper into a number of technical issues raised by the Exposure Draft
Introducing the exposure draft
, Sir David Tweedie, IASB Chairman, said:
Monk: It's important that practitioners share with us their thoughts on ASB exposure drafts
The exposure draft
can be downloaded from the FASB's website, at http: //www.
As a result, the exposure draft
will not faithfully present a financial statement issuer's cash flows.
Copies of the exposure draft
are available on the Foundation Web site at www.
1981) noted the low level of responses from all respondent groups, notably, public accounting, academicians and financial analysts to the FASB's exposure draft
on leases, while Mezias and Chung (1989) found for 30 ran domly selected FASB exposure drafts
that financial statement preparers wrote more letters than all other groups combined.
Members who have any comments on the Exposure Drafts
can submit them to the Appraisal Institute's Appraisal Standards Council in care of Jeff Liskar, fax: 312-335-4444 or jliskar@appraisalinstitute.
The Pension Exposure Draft
addresses situations in which another entity contributes to a government's pension plan on behalf of the employer and it also addresses accounting and financial reporting for employers that provide pensions through defined contribution plans.
This exposure draft
will serve as the foundation for the committee's long-term work program to develop principles-based pronouncements.
The AICPA has released an exposure draft
of Proposed Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset.
The Institute's Professional Ethics Executive Committee (PEEC) issued an exposure draft