For the fourth consecutive year, revenue recognition topped the list of issues that Council members believe should be the Board’s priority.
FASAC's annual survey on the priorities of the FASB provides valuable perspectives and observations about the Board's process and direction. The 2005 survey asked Council members, Board members, and other interested constituents to provide their views about the FASB's priorities, future financial reporting issues, simplification, the right level of implementation guidance, and differential accounting standards for certain entities.
See full Article.
Posts
