Friday, June 19, 2009


FASB and the IASB made a number of announcements this week. Some highlights:

Additionally, as noted in our blog post yesterday, FASB Chairman Robert Herz is slated to give a speech at the National Press Club next week.

FEI Comments On Revenue Recognition
In other FASB-IASB related news, FEI's Committee on Corporate Reporting (CCR) filed a comment letter this afternoon on FASB's Discussion Paper: Preliminary Views on Revenue Recognition in Contracts with Customers.

Revenue recognition is a joint project of FASB and the IASB; FASB's Discussion Paper and IASB's Discussion Paper were issued in tandem on December 19, 2008 with a six-month comment period, ending today. There are 80 comment letters posted so far (the listing includes letters on both the FASB and IASB documents); see also the link to the FEI CCR letter filed this afternoon; it is possible additional letters are in the process of being filed/posted as well.

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