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FASB Votes To Not Proceed With Materiality FSP At This Time

At its Aug. 1, 2007 board meeting, FASB voted not to proceed with guidance on determining materiality for error corrections at this time; i.e., they will not proceed to finalize Proposed FSP FAS 154-a. The comment letter filed by FEI's Committee on Private Companies (CPC) standards subcommittee was among those cited in FASB staff's comment letter summary. ... more » (FEI members only)

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