US GAAP Taxonomy Under The Microscope
The US accounting standards setter, FASB, is seeking comments on the efficiency and effectiveness of the US GAAP taxonomy.
With the FASB’s international counterpart, the IASB, having moved over the last year or so to more tightly integrate the process for the development and maintenance of its accounting standards with the concurrent development, maintenance and oversight of its IFRS taxonomy, there are likely a range of issues that the FASB is interested in examining.
Find out more here.
