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FAF completes post-implementation review of FASB Statement 128

  • FAF (US Financial Accounting Foundation)  Image

Feb 24, 2016

The FAF has completed its post-implementation review (PIR) of FASB Statement No. 128, “Earnings per Share.”

The PIR report concludes that Statement 128 has achieved its goals of simplifying the guidance on calculating earnings per share and increasing comparability with IFRSs. Further, the FAF believes that the Statement provides financial statement users with helpful information. The PIR team did not make any recommendations on the basis of its review.

For more in­for­ma­tion, see the press release and PIR report on the FAF’s Web site as well as the FASB’s response letter to the FAF on the FASB’s Web site.

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