Over the past several years, the FASB has been working to codify, by topic, existing U.S. GAAP into a single, online source. Last week, the FASB issued its long-awaited Codification for public comment. The Codification does is not intended to change existing GAAP, just make it easier to access and navigate. The FASB is seeking user feedback during a one-year free trial, on whether the codification represents U.S. GAAP. Users can sign-up here: http://asc.fasb.org/
Filed under: REAL WORLD
