This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Financial accounting foundations board of trustees. b) The Chairman will consult with FASB members, directors before adding or removing a project or changing priorities. Chairman will then announce changes to FASBs technical agenda at a meeting of the FASB and through a posting to the FASB website. Once Chairman approves a project and assigns its priority, the directors will assign members of FASB technical staff to work on project. c) FASB is open because its procedures permit timely thorough open studies and encourages broad public participation in standard setting process by creating channels for all points of view to be expressed...
View Full Document
This note was uploaded on 12/14/2011 for the course ACCOUNTING 100 taught by Professor 1 during the Fall '11 term at Wisconsin.
- Fall '11