FASB Expands Simplification Initiative

The Financial Accounting Standards Board (FASB) has been working to simplify US Generally Accepted Accounting Principles (GAAP) through the Simplification Initiative.

The goal of this initiative is to identify areas of US GAAP where cost and complexity can be reduced while maintaining or improving the usefulness of information provided in the financial statements. The FASB recently expanded the number of improvements that are being considered and added additional related projects to its technical agenda.

Learn more details about this proposal in our latest MHM Messenger.

%d bloggers like this: