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Topic: |
Business
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Number of pages / Number of words: |
7 / 1694 |
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And since international standards have to apply in scores of national jurisdictions, they tend to apply to the most ponderous common denominator -- again, the international public companies that sell equities in other countries.
Keeping the small company in mind when writing standards or converging with international standards is made more difficult by FASB's difficulty in finding accountants from small companies or auditors from small firms to serve on its board or work on staff...
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For the past several years, there have been none. Everyone at FASB headquarters in Norwalk, Conn., comes from a public company or Big Four audit firm.
AICPA Chairman and President Barry Melancon says the institute has issued a call for a nationwide discussion on the feasibility and advisability of differential accounting...
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