FASB will issue new F/Y 2008 disclosures
24 Nov 2008
The US Financial Accounting Standards Board (FASB) has announced plans to issue a final FASB Staff Position (FSP) on FAS 140-e and FASB Interpretation (FIN) 46(R)-e 'Disclosures about Transfers of Financial Assets and Interests in Variable Interest Entities' by 15 December 2008.
The FSP will increase disclosure requirements for public companies for reporting periods that end after 15 December 2008 (that is, including calendar year 2008). Click for press release (PDF 17k).
