Date: December 7, 2015
To: Russ Golden, Chairman, Financial Accounting Standards Board
Filing Type: Regulatory
Description: The Chamber strongly supports the Exposure Draft on Statement of Financial Accounting Concepts No. 8—Conceptual Framework for Financial Reporting, Chapter 3: Qualitative Characteristics of Useful Financial Information Proposal and applauds the proactive leadership of FASB in defining materiality and resolving inconsistency between the well-established legal concept of materiality under the federal securities laws and the current usage of materiality as issued by FASB and the International Accounting Standards Board (“IASB”).