AICPA increases emphasis on industry-specific accounting guidance. (accounting & auditing news).
The decision was also discussed at the recent fall meeting of Council. The two organizations will work together on a transition.
The AICPA strongly supports an independent FASB that will serve all constituents of financial reporting. The AICPA and its Accounting Standards Executive Committee will remain vital contributors to better financial reporting, thereby ensuring that AcSEC and related task forces continue to attract volunteers who are the best of the profession and hold serving the public interest in the highest regard.
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|Date:||Dec 1, 2002|
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