FASB Delays Implementation Of Rule 133 Due To Y2K, Euro Projects
NORWALK, Connecticut--The Financial Accounting Standards Board (FASB) proposed to delay effective data of its controversial Rule 133 until June 15, 2000. The FASB cited concerns raised by financial institutions that current Year 2000 and euro compliance projects severely undermine their ability to adequately educate managers and modify their information systems to address Rule 133.
"The board continues to believe that investors must have the kind of information that will be provided under
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