FASB: Current technical plan and project updates
02 November 2010
The FASB published a project plan to communicate information about its standard-setting activities to stakeholders.
The FASB´s project plan lists all agenda projects and includes:
- Estimated publication dates through 2011 (Discussion Papers, Exposure Drafts, and Final Accounting Standards Updates or Final Conceptual Framework chapters);
- Comment periods expected to close in the next 6 quarters;
- Roundtable meetings or other public forums planned during the next six months.
The FASB sets standards following established due process procedures that include extensive consultation. This project plan is subject to change as a result of those consultations or for other reasons.
The project plan anticipates the completion of many projects in the 2010 and 2011 timeframe. The FASB will consider staggering the effective dates of those standards to ensure an orderly transition to any new requirements.
The project plan includes links to staff prepared project summaries that describe FASB decisions and provide other information. The decisions are tentative and do not change current accounting. Official positions of the FASB are determined only after extensive due process and deliberations.
Press release
© FASB
