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FASB tees up talk on controversial materiality proposal

Tammy Whitehouse | November 6, 2017

The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the concept of materiality within GAAP.

The FASB touched off a sensitive debate in 2015 when it proposed to alter its definition of materiality to make it more consistent with the concept of materiality as defined by the U.S. Supreme Court. The two-part proposal came as part of a... To get the full story, subscribe now.