FASB Interpretations represent modifications or extensions of existing FASB Standards and have the same authority as Standards.

Name: FASB Interpretations represent modifications or extensions of existing FASB Standards and have the same authority as Standards.
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FASB Interpretations are intended to clarify, explain, or elaborate on existing FASB Standards and, once issued, have the same authority as those standards, requiring compliance by entities following US GAAP.

FASB Interpretations Represent Modifications or Extensions of Existing FASB Standards