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FASB discusses disclosure framework

  • FASB document Image

Nov 10, 2017

At its November 8, 2017, meeting, the FASB discussed the entity’s decision process component of its disclosure framework project.

The Board made tentative decisions related to the definition of materiality in Chapter 3, “Qualitative Characteristics of Useful Financial Information,” of FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting. In addition, the Board directed the staff to draft Chapter 3 and Chapter 8, “Notes to Financial Statements,” of Concepts Statement 8.

For more in­for­ma­tion, see the meeting minutes on the FASB’s Web site.

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