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FASB issues ASU to simplify the subsequent measurement of inventory

Contents
FASB
     New ASU issued to simplify the subsequent measurement of inventory
     Highlights of July 24 Board meeting posted
          Targeted improvements to the accounting for long-duration insurance contracts
          Disclosures by business entities about government assistance
     Board publishes third FAQ on NFP exposure draft
PCC posts highlights of July 21 meeting
International Federation of Accountants
     IAASB issues exposure draft on noncompliance

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