United States

FASB Project: Clarifying the Definition of a Business

Nov 04, 2016
From Financial Reporting View

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This podcast features professionals from KPMG's Department of Professional Practice discussing the FASB's project to clarify the definition of a business, which proposes a new framework to determine whether a set of assets and activities is a business, which would narrow the current definition.

For additional information on this FASB project, read our Defining Issues 15-56.