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FASB Initiates “Disclosure Framework” Project

Business Wire reports that the FASB has added a project aimed at establishing a new framework for financial disclosures.  The release starts out:

NORWALK, Conn.--(BUSINESS WIRE)--Robert H. Herz, chairman of the Financial Accounting Standards Board (FASB), today announced the addition of a new FASB agenda project aimed at establishing an overarching framework intended to make financial statement disclosures more effective, coordinated, and less redundant.

Seems like the FASB is warming up to XBRL.  Be sure to read the part which says "... and perhaps facilitate XBRL electronic tagging of information."

Posted on Thursday, July 9, 2009 at 07:07AM by Registered CommenterCharlie in , , | CommentsPost a Comment

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