FASB takes a cue from the simplicity movement.

• Position: FASB News - Financial Accounting Standards Board - Brief Article

FASB is launching a series of administrative projects aimed at codifying and simplifying U.S. accounting literature. The project is being initiated in response to concerns raised about the quantity, complexity and difficulty retrieving U.S. accounting literature, including guidance issued by the EITF, AICPA and SEC.

FASB plans to include references to all applicable U.S. accounting literature in its future standards and in FASB's Current Text, a compilation of all FASB accounting standards categorized by subject. In addition, FASB hopes to partner with others in developing an online database that will include all U.S. accounting...