Читать книгу Annual Accounting and Auditing Workshop - Kurt Oestriecher - Страница 45

The board issued the Conceptual Framework for Financial Reporting-Chapter 8: Notes to Financial Statements on August 28, 2018. This Conceptual Framework Statement was the result of a project started by FASB on March 4, 2014, that was intended to develop a framework for providing more useful and informative disclosures to users of financial statements. This ASU will be used by FASB in developing disclosure requirements in future updates, as well as evaluating existing disclosure requirements. This particular ASU was the result of FASB running a “test” implementation of this concepts statement on the existing disclosure requirements for fair value.