With many in the Northeast still struggling to get back to business after Hurricane Sandy, the Financial Accounting Standards Board is extending its comment period for two key proposals.
FASB is allowing anyone with comments on its proposed disclosure framework to take through Nov. 30 to submit comments, adding two weeks to the original Nov. 16 deadline. “We realize that a substantial number of our stakeholders were affected by Hurricane Sandy and may have difficulty meeting the original deadline,” said FASB Chairman Leslie Seidman in a statement. FASB would like to have comments as soon as possible, but will hold out to Nov. 30, she said.
