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March 29, 2016Ms. Susan M. Copper Technical Director Financial Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk, CT 068565116 By email: director×fast.ogre: Proposed Accounting Standards
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Re proposed accounting standards are updates or revisions to existing accounting standards that are open for public comment before they are finalized.
All entities that are subject to the accounting standards issued by the relevant regulatory bodies are required to file re proposed accounting standards.
To fill out re proposed accounting standards, entities need to review the proposed changes, assess the impact on their financial reporting, and provide feedback to the standard-setting body.
The purpose of re proposed accounting standards is to improve the quality and consistency of financial reporting by providing clarity and guidance on how to account for certain transactions.
Entities must report information related to the changes in accounting policies, estimates, and financial statement disclosures as a result of the re proposed accounting standards.
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