Daily archives for October 14th, 2015

FASB Exposure Draft – Materiality –

The Financial Accounting Standards Board (FASB) is seeking input on a recently released an exposure draft of proposed changes to chapter 3 of the┬áConceptual Framework for Financial Reporting. ┬áThe proposed changes effect the concept of materiality. There are a number of changes, but the most significant is that the board acknowledges that in the United […]