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FASB may adopt IASB's black letter/gray letter style

  • FASB (old) Image

19 Jul 2004

FASB's Response to July 2003 SEC Staff Report to Congress on a Principles-Based Accounting System (see story below) indicates that FASB " -->is considering using the black letter/gray letter style of the International Accounting Standards Board (IASB) and will use that style in its business combinations Exposure Draft.

The Board intends to request constituent input on that style and will address the advantages and disadvantages of using that style in all FASB standards at a later date."

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.