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FASB takes red pen to rules on financial instruments

Tammy Whitehouse | September 7, 2018

The Financial Accounting Standards Board is planning a number of updates to accounting standards around all three of its major new standards on financial instruments.

As it airs and vets various implementation questions, the board determined in an open meeting that it will propose amendments to three major standards on financial instruments adopted over the past few years, including Accounting Standards Update No. 2016-13 on credit losses, ASU 2016-01 on...

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