FINANCIAL ACCOUNTING FOUNDATION POST-IMPLEMENTATION REVIEW

Time: 
April 3, 2011

On November 18, 2010, the Financial Accounting Foundation (FAF) announced that it is establishing a post-implementation review process for standards issued by the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB).  (See News Release of 11/18/10.)
The FAF’s post-implementation review team will use surveying and interviewing tools to gather feedback on standards under review from individuals who have (a) applied the standard, (b) used the information resulting from the standard, or (c) opined on financial statements prepared using the FASB or GASB standards.  The team will be conducting its first survey and interviews in the April-May 2011 timeframe.  It plans to conduct about three or four post-implementation reviews each year of FASB or GASB standards.  
The FAF is currently building a data base of constituents willing to participate in one or more of those reviews—investors, creditors, other users of financial statements, as well as preparers and auditors of financial statements of public companies, private companies, and not-for-profit organizations and state and local governmental entities.  If you would like to assist by participating in a survey or interview please provide your contact information by registering at the FAF’s public web site.   
The FAF greatly appreciates your interest and assistance in this important process.

Login ID:
Password:
Forgot your password?
If you need assistance with the CPEtracker or need a user's manual, email Denise or Ellen