FASB Technical Bulletins are more authoritative than FASB Standards and Interpretations.

Question

Quizplus · Accepted Answer

FASB Standards and Interpretations are more authoritative than FASB Technical Bulletins. Technical Bulletins provide guidance for specific accounting issues and are not as widely applicable as Standards and Interpretations. Standards and Interpretations have gone through a more rigorous due process, and their application is generally required for financial reporting purposes.

FASB Technical Bulletins Are More Authoritative Than FASB Standards and Interpretations