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FASB Codification will be US GAAP 1 July 2009

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05 Dec 2008

The US Financial Accounting Standards Board (FASB) is alerting constituents that, on 1 July 2009, the FASB Accounting Standards Codification is expected to officially become the single source of authoritative nongovernmental US GAAP, superseding existing FASB, American Institute of Certified Public Accountants, Emerging Issues Task Force, and related literature.

After that date, only one level of authoritative GAAP will exist. All other literature will be considered non-authoritative. 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.