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FASB plans pause before digging into big new rules

Tammy Whitehouse | December 6, 2016

After issuing some of the biggest changes to standards seen by the current generation of accountants, the Financial Accounting Standards Board will likely keep in mind the current workload for corporate accounting offices before taking on big new projects.

At a national conference of the American Institute of Certified Public Accountants, FASB Chairman Russ Golden acknowledged companies have a lot of work to do in the coming few years to absorb and put into effect huge changes in how to account for revenue, leases,...

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