Question & Answer: All of the following are true regarding the FASB Accounting Standards Codification (ASC) except…..

All of the following are true regarding the FASB Accounting Standards Codification (ASC) except

a. research should be simplified and faster

b. changes are publicized through an ASU

c. SFAS will no longer be issued

d. it does not include all forms of GAAP

Expert Answer

the FASB Accounting Standards Codification (ASC) contains

a. research should be simplified and faster

b. changes are publicized through an ASU

c. SFAS will no longer be issued

So the option is D.it does not include all forms of GAAP

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