FASB hosts March 13 Webcast on GAAP Codification; AICPA Webcast coming soon.

On Jan. 15, the Financial Accounting Standards Board issued the FASB Accounting Standards Codification[TM] and related online Codification Research System (The CPA Letter, Feb.). To help CPAs and others use the system during its year-long verification period, the FASB is hosting a free Webcast on Mar. 13, 1:00 to 2:00 p.m. To participate, go to www.fasb.org. The live Webcast will be archived on the Web site for public access.

The AICPA applauded the FASB's release of the GAAP Codification, which reorganizes the thousands of U.S. generally accepted accounting principles pronouncements into roughly 90 accounting topics. The Codification simplifies the enormous body of accounting standards, rendering GAAP more...