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Heads Up: FASB and IASB Jointly Issue Preliminary Views Documents
on Conceptual Framework for Financial Reporting

Volume 13, Issue 8


The attached issue of Heads Up summarizes an IASB Discussion Paper and a FASB Preliminary Views document, Conceptual Framework for Financial Reporting: Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information. These documents, identical in all significant respects, are the first in a series of expected publications. The Boards, aiming to replace their separate frameworks, plan to issue other discussion papers and preliminary views documents that will seek comments on improving their conceptual framework for financial reporting. The Boards expect to conduct the project in eight phases.

Read more in the file attached below, or visit the  Heads Up Archive for past issues.

Heads Up and other information on accounting and financial disclosure also can be found on the  Deloitte Accounting Research Tool (DART). DART, a subscription-based research tool, includes material from the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), SEC, International Accounting Standards Board (IASB) and our own accounting manual and interpretative accounting guidance. Updated every business day, DART has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. DART subscribers receive periodic emails highlighting recent additions to the DART library.  Read more about DART.

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