FASB Staff Position - Amending the Criteria for Reporting a Discontinued Operation
Friday, January 23, 2009
The Financial Reporting Committee ("FRC") of the Institute of Management Accountants is writing to provide its views on the Proposed FSP FAS 144-d, Amending the Criteria for Reporting a Discontinued Operation (the "Proposed FSP"). The FRC is the financial reporting technical committee of the Institute of Management Accountant. The FRC is comprised of representatives from preparers of financial statements of the largest companies in the world, the largest accounting firms in the world, valuation experts, accounting consultants as well as academics. The FRC reviews and responds to research studies, statements, pronouncements, pending legislation, proposals, and other documents issued by domestic and international agencies and organizations.