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FEI Committee on Private Cos. Writes FAF, FASB With Concerns About Pace of Standard-Setting
May 3, 2010
FEI Summary
On April 30, 2010, FEI's Committee on Private Companies - Standards filed a comment letter with John J. Brennan, chairman of the Financial Accounting Foundation (which oversees the Financial Accounting Standards Board) and with Robert Herz, chairman of the Financial Accounting Standards Board.
The letter, co-signed by CPC-S Chair Bill Koch and Vice Chair Daryl Buck, voices concern about the pace of accounting standard-setting under the remaining time FASB-International Accounting Standards Board Memorandum of Understanding (the FASB-IASB MOU), which calls for close to a dozen new standards to be issued between now and June 2011.
For details read the CPC-S letter.
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