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FASB approves exposure draft to define a public business entity

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Jul 10, 2013

At its latest meeting, the FASB approved for issuance an exposure draft that would amend the Master Glossary of the "FASB Accounting Standards Codification" to include the definition of public business entity.

The proposed Accounting Standards Update will be issued with a 45-day comment period. Further information about the Board decisions is available in the FASB meeting minutes (link to the FASB's Web site).

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