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AAO Weblog: A SarbOx Echo?

AAO Weblog: A SarbOx Echo?

by Rick Turoczy on June 23, 2006

The FASB and the AICPA announced a joint project: figuring out if standard-setting is meeting the needs of the multitude of private companies.

They’ve issued an “invitation to comment” on improvements to the standard-setting process as it currently exists.

Broad goal of the project: get more involvement from the private companies in the standard setting process, to make sure their interests are represented. Steps to achieve “more involvement” include recruiting more FASB staff with private company experience, and formation of a joint FASB/AICPA committee to promote constituent input into the FASB standard-setting process.

AAO Weblog: A SarbOx Echo?

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