FASB adds SEC content into its standards codification

  • FASB (old) Image

07 Apr 2008

In January, the US Financial Accounting Standards Board began a one-year verification phase of its codification of US GAAP.

During the verification period, constituents are encouraged to use the online Codification Research System free of charge to research accounting issues. The FASB has now added portions of Securities and Exchange Commission and SEC staff content into the Codification. The Codification does not change the SEC content; instead it reorganises the content into roughly 90 accounting topics to more closely align with the non-SEC content. The SEC sections relate only to matters within the basic financial statements; they do not contain the entire population of SEC rules, regulations, interpretive releases, and staff guidance. Click for:


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.