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January 26, 2023

Oh Great, the FASB Is Going to Spend the Next Twelve Months Celebrating Its Fortieth Anniversary

You know those friends who don't celebrate their birthday, rather they celebrate their birthday week? That's basically what we've got here with the Financial Accounting Foundation's announcement that there will be all kinds of reminders of the FASB's fortieth anniversary:

[A] variety of events and activities intended to highlight the important role that the FASB — and, beginning in 1984, the Governmental Accounting Standards Board — have played in making financial reporting more meaningful, useful and transparent for users of financial reports, including investors, lenders, taxpayers, citizens and others.

It's every person or private-non-profit-rulemaking organization's right to celebrate a milestone in age and, yes, maybe even noteworthy accomplishments. And yes, in rare cases a couple of separate events may be necessary because of scheduling conflicts, but don't expect anyone to show up to more than one event. That's just presumptuous. 

[FAF via FEI]

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