FASB Chairman to Address Importance of Standardized Data in Setting Accounting Standard, at XBRL Investor Forum, Nov 4 in NY
NEW YORK--(BUSINESS WIRE)--Nov 4, 2019--
Russell G. Golden, Chairman of the Financial Accounting Standards Board (FASB) will describe the critical role of data standards in developing useful, actionable accounting standards, during his keynote address at the half-day investor forum, Driving Actionable Analytics, announced XBRL US. The half-day conference takes place on November 4, 2019 in New York City. The FASB establishes financial accounting standards for public and private companies, and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP); and is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies.
The FASB also maintains the US GAAP Financial Reporting Taxonomy. Proposed accounting standards, along with taxonomy updates that are designed to support the proposed standards, are published simultaneously during public exposure periods. This provides issuers with an easier method to understand and provide input to the accounting standard review period.
“Our team is tasked with establishing and improving financial accounting standards that provide investors with better information. To meet this challenge, we use structured data to help inform our standard-setting decisions and ensure new standards are being consistently understood and applied by our stakeholders,” noted FASB Chairman Golden. “This allows us to provide investors with more timely, granular, and understandable information than ever before.”
The annual XBRL US Investor Forum, this year will also feature sessions on evolving technologies such as artificial intelligence and blockchain, new reporting domains where data standards are being implemented, such as financial reporting by municipal securities and public utilities, the future of quarterly financial reporting, and modernizing regulatory disclosures. Learn more and register: https://xbrl.us/events/investor-forum-2019/
The program is hosted by Baruch College’s Zicklin School of Business, with sponsorship by CFA Institute and CFA Society New York. The event is free to the public, but registration is required.
When: Monday, November 4, 2019, from 1 PM to 5:30 PM
Where: Baruch College’s Zicklin School of Business in the Newman Conference Center, 55 Lexington Avenue
Who: sessions will feature speakers from Business Wire, Calcbench, CFA Society New York and CFA Institute, Donnelley Financial Services (DFIN), eBrevia, Global Blockchain Business Council, idaciti, Intrinio, Morgan Stanley Research, Muni Credit & Compliance Advisors LLC, Nutshell Associates, SavaNet LLC, Seatig, the Securities and Exchange Commission (SEC), S&P Global Ratings, Toppan Merrill, and XBRL US.
How: Learn more and register at https://xbrl.us/events/investor-forum-2019/
This event is free to attend but registration is required.
About XBRL US
XBRL US is the non-profit consortium for XBRL business reporting standards in the U.S. and represents the business information supply chain. Its mission is to support the implementation of business reporting standards through the development of taxonomies for use by U.S. public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration. XBRL US has developed taxonomies for U.S. GAAP, credit rating and mutual fund reporting under contract with the U.S. Securities and Exchange Commission and has developed industry-specific taxonomies for corporate actions, solar financing, and surety processing. http://xbrl.us
Learn more about the forum and register: https://xbrl.us/events/investor-forum-2019/
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005006/en/
Michelle Savage,firstname.lastname@example.org, 917 747 1714
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING ACCOUNTING PROFESSIONAL SERVICES FINANCE
SOURCE: XBRL US
Copyright Business Wire 2019.
PUB: 11/04/2019 06:15 AM/DISC: 11/04/2019 06:15 AM