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SIR Inventory Date Range August 2016 APPLICATION REVIEW 10 business daysCompanyINTRC INTRO IN
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The adopting form new-and-improved FASB outlines the standards and guidelines for the implementation of new accounting principles and practices established by the Financial Accounting Standards Board (FASB).
Entities that are subject to FASB standards, including publicly traded companies and certain private companies, are required to file the adopting form new-and-improved FASB.
To fill out the adopting form new-and-improved FASB, entities must provide detailed information regarding their financial reporting changes, including the specific standards being adopted and the effective date.
The purpose of adopting form new-and-improved FASB is to ensure compliance with updated accounting standards and to provide transparency and consistency in financial reporting.
The information that must be reported includes the specific FASB standards being adopted, the impact on financial statements, and any changes in accounting policies related to the adoption.
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