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FASB proposes new projects on financial performance, intangibles

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20 Aug 2001

FASB is proposing to add to its technical agenda two projects that relate to issues under consideration by IASB: Reporting Financial Performance and Disclosure about Intangibles.

Detailed project proposals can be found on FASB's Website. In seeking views on whether to undertake these projects, FASB noted:

In attempting to promote high-quality international standards, the Board also considers (a) the possibility that resolution of the issues addressed would increase convergence of standards worldwide, (b) the opportunities the topic presents for cooperation with the International Accounting Standards Board or other standard setters, and (c) whether appropriate and sufficient resources are available for a joint project or other cooperative effort.

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