FASB Disclosure Framework Project, Sept. 5
Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: The FASB Disclosure Framework Project.
This free live webcast will take place on Wednesday, September 5, 2012, from 1:00 to 2:00 p.m. EDT. Participants in the live broadcast will be eligible for up to 1 hour of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB member Marc Siegel, and FASB staff members Ron Lott and Nicholas Cappiello, who will provide an overview of the FASB’s recent Invitation to Comment on a project to establish an overarching framework to improve the effectiveness of disclosures in notes to financial statements.
The areas covered in the webcast will include:
An overview of the objective of, and desired outcome from, the disclosure framework
The Board’s process for establishing disclosure requirements
A reporting entity’s assessment of relevance of specific disclosures in their own circumstances
Organization, formatting, and style of disclosures in notes.
“At the end of this program, participants will understand some of the Board’s initial ideas on main elements of the disclosure framework,” FASB said.
“They will also obtain a general understanding of what feedback the Board needs from stakeholders in order to develop the framework,” it added.
Participants will have the opportunity to email questions to the panelists during the event.