New York CPAs Suggest Items for FASB Agenda
Accounting Today
The New York State Society of CPAs has some recommendations for items that the Financial Accounting Standards Board should add to its to-do list. The NYSSCPA sent a comment letter to FASB in response to a request for recommendations on its future agenda. Among the NYSSCPA's suggestions were updating the framework for distinguishing liabilities from equity, along with updating the guidance for the treatment of intangible assets, including research and development.