Accounting News

Tuesday, December 13, 2011
FASB Extends Comment Period

The Financial Accounting Standards Board (FASB) is extending the comment period on three current standards proposals. The three proposals cover investment companies, investment properties, and consolidations. The extension is at the request of of several industry groups. They said they were unable to submit comments because of the load from end of year closings. So to help them out the comments can be submitted until February 15, 2012. The original date was January 17, 2012.