FASB Releases Rev Rec; FASB, FAF, IFRSF Announce Board Appointments
Earlier this week, FASB released its revised Exposure Draft on Revenue Recogntion. The comment deadline is March 13, 2012. Read more about this development here.
Also this week, the Financial Accounting Foundation, which oversees FASB, announced the reappointment of FASB board members Russ Golden and Larry Smith for another five year term on the FASB board, commencing July 1, 2012. Additionally, the FAF announced the appointment of 3 new FAF Trustees, and the IFRS Foundation, which oversees the IASB, announced the reappoointment of 3 IFRSF Trustees, as detailed here.