FASB seeks comments on valuation guidance.In step with its mission to improve and enhance the quality, consistency and comparability of financial statements, the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). is seeking public comments on the topic of valuation guidance in financial reporting. Through an Invitation to Comment issued last month, the FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). is asking constituents to provide views on whether additional and more specific valuation guidance is needed in financial reporting as well as the process for developing that guidance. The ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → also asks for constituent CONSTITUENT. He who gives authority to another to act for him. 1 Bouv. Inst. n. 893. 2. The constituent is bound with whatever his attorney does by virtue of his authority. perspectives about the extent to which the FASB or other organizations should be responsible for developing guidance on valuation issues that translate into financial reporting matters. The ITC is available on the FASB's Web site, www.fasb.org. Comments are due Apr. 15. |
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