FASB Releases FAS 162, GAAP Hierarchy
May 9, 2008FEI Summary
On May 9, 2008 the Financial Accounting Standards Board (FASB) announced the release of FASB Statement of Financial Accounting Standards No. 162, The Hierarchy of Generally Accepted Accounting Principles (FAS 162 or the ‘GAAP hierarchy’). Further details are in this FEI summary.