FASB Issues New Chapter of Its Conceptual Framework: The Reporting Entity
June 09, 2023
June 09, 2023
NORWALK, Connecticut, June 9 (TNSrpt) -- The Financial Accounting Standards Board issued the following news on June 8, 2023:
The Financial Accounting Standards Board (FASB) today issued a new chapter of its Conceptual Framework that describes a reporting entity. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not est . . .
The Financial Accounting Standards Board (FASB) today issued a new chapter of its Conceptual Framework that describes a reporting entity. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not est . . .