MEDIA ADVISORY 06/02/11

Registration Is Now Open for June 17 Webcast, IN FOCUS: FASB Update for Nonpublic Entities

First in series of educational webcasts to offer continuing professional education (CPE) credit

Norwalk, CT, June 2, 2011—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: FASB Update for Nonpublic Entities. This live webcast, offered free of charge, will take place on Friday, June 17, from 1:00 to 2:40 p.m. EDT. Participants in the live broadcast will be eligible for up to 2 hours of CPE credit.

The webcast will feature FASB members Daryl Buck and Larry Smith and FASB staff members Jeff Mechanick, Ron Bossio, and Paul Glotzer providing an overview of:

  • The Financial Accounting Foundation’s strategic review of standard setting for nonpublic entities
     
  • The FASB’s recent process changes made to broadly engage nonpublic stakeholders in standard setting
     
  • Progress on the FASB-International Accounting Standards Board (IASB) convergence program, and
     
  • Other active projects or recently-issued standards of interest to nonpublic entities.
A complete course description and registration information are available here.

An archive of the webcast will be available on the FASB website through September 15, 2011 (CPE credit will not be available to those who view only the archived webcast).


About the Financial Accounting Standards Board


Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.