Disclosure framework — FASB considers feedback on not-for-profit entities and certain decision questions
Posted by mostafa on 7 August, 2013
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The FASB met to discuss certain aspects of its July 2012 discussion paper (DP), ‘Invitation to Comment: Disclosure Framework’.* The Board discussed (1) whether and, if so, how the decision process would respond to donor needs related to not-for-profit entity financial statements and (2) feedback on and proposed changes to the decision questions in the DP about line items in the financial statements. For a list of these questions, see chapter 2 of the DP.