FASB discusses decision processes related to disclosure framework
Mar 23, 2018
At its March 21, 2018, meeting, the FASB discussed the Board’s decision process and entity’s decision process components of its disclosure framework project.
The Board made several decisions and completed its redeliberations of (1) proposed FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting — Chapter 8, Notes to Financial Statements, and (2) proposed amendments to FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting — Chapter 3, Qualitative Characteristics of Useful Financial Information. The Board directed its staff to draft final versions of both for a vote by written ballot.
For more information, see the meeting minutes on the FASB’s Web site.
