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FASB to Explain Changes in Accounting Practices in Webcast
Norwalk, Connecticut, USA 20 February 2008 -- The Financial Accounting Standards Board (FASB) will conduct a webcast on the move to codification of U.S. generally accepted accounting principles (GAAP) on 13 March 2008. Viewers will have the opportunity to email questions to panelists during the event.

FASB will archive the webcast on its website for access by the public. To register for the live or archived webcast, follow the audience URL at: http://w.on24.com/r.htm?e=104519&s=1&k=BDD7BC6E5BD3B1CC8E9F2631759517DD

The one-hour webcast, "The Move to Codification of U.S. GAAP," will be presented at 1:00 p.m. Eastern Time.

Panelists Larry Smith, a member of the FASB, and Tom Hoey, FASB project director, will discuss and demonstrate the use of the FASB Accounting Standards Codification. The Codification is an on-line research system that organizes by topic all authoritative U.S. GAAP. The Codification is in the verification phase, which means that it is not yet authoritative. During the verification phase, constituents are encouraged to use and provide feedback on the Codification. Jay Hanson, National Director of Accounting for McGladrey & Pullen, will moderate the program.

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