Nov 14, 2016
From the Financial Reporting View
KPMG LLP recently commented on the FASB’s proposed Concepts Statement 8 – Conceptual Framework for Financial Reporting – Chapter 7: Presentation. The FASB would use the proposed presentation framework to improve its process for evaluating future and existing presentation requirements. The firm supports the Board’s objective of developing a presentation framework to help it establish more effective presentation requirements, and recommends that the Board undertake further research and outreach to address certain related issues.