Exposure Draft Released to Streamline Financial Statement Disclosures

In March 2014 the Financial Accounting Standards Board issued an exposure draft: Proposed Statement of Financial Accounting Concepts: Conceptual Framework for Financial Reporting, Chapter 8: Notes to Financial Statements.

The exposure draft proposes a framework that the FASB will use to identify information that is most important to financial statement users of for-profit and not-for-profit entities’ financial statements, and to reduce unnecessary disclosures within those financial statements. Comments on the exposure draft are due July 14, 2014.

Learn more about the exposure draft in our latest MHM Messenger.

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