FASB: Proposed changes to materiality for more effective disclosures

FASB: Proposed changes to materiality

The FASB recently issued two exposure drafts as part of its Disclosure Framework project that would provide more flexibility and discretion for entities to provide material information in the notes to the financial statements.

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Read a September 2015 report prepared by KPMG LLP: Defining Issues: FASB Proposes Changes to Materiality for More Effective Disclosures

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