Question: The FASB had three primary goals in developing the Codification: 1. Simplify user access by codifying all authoritative US GAAP in one spot. 2. Ensure

The FASB had three primary goals in developing the Codification:

1. Simplify user access by codifying all authoritative US GAAP in one spot.

2. Ensure that the codified content accurately represented authoritative US GAAP as of July 1, 2009.

3. Create a codification research system that is up to date for the released results of the standard-setting activity.

Do you think all of the goals have been realized?

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