FEI: The association for financial executives: cfos, financial management, management accounting, jobs and Sarbanes-Oxley compliance

CCR Responds to the FASB on ASU 2011-05 Comprehensive Income

The Committee on Corporate Reporting of Financial Executives International is writing to share its insights into certain interpretive and implementation issues that have arisen with respect to ASU 2011-05, Comprehensive Income. As this ASU is effective in the first quarter of 2012 for calendar year reporting companies, we believe that these matters should be addressed as soon as possible. The Committee stands ready to assist the Board with that effort.